financetom
Business
financetom
/
Business
/
EU says Booking.com must comply with strict tech rules, investigates X
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EU says Booking.com must comply with strict tech rules, investigates X
May 13, 2024 4:39 AM

PARIS, May 13 (Reuters) - The European Commission said

on Monday it had designated hotel reservation website

Booking.com as a "gatekeeper", which subjects it to strict EU

obligations, and has opened an investigation to further

determine the regulatory status of social media network X.

Online advertising services X Ads and TikTok Ads as such did

not qualify as gatekeepers under the EU Digital Markets Act

(DMA), the EU added.

The Commission said in March that Elon Musk's X, TikTok

owner ByteDance and Booking.com may meet EU criteria subjecting

them to tough tech rules as so-called gatekeepers.

While the EU on Monday said Booking.com fell under the DMA -

in line with the company's own view - it had opened a market

investigation to further assess the rebuttal lodged by X,

opposing the gatekeeper status.

ByteDance was labelled a gatekeeper in July last year but

TikTok has challenged that at Europe's second-highest court.

The Digital Markets Act is one of the most stringent

regulations targeting tech giants' market dominance, imposing

tougher obligations to moderate content, allow fair competition

and make it easier for consumers to switch between services.

It designates companies with more than 45 million monthly

active users and 75 billion euros ($81 billion) in market

capitalisation as gatekeepers, providing a core platform service

for business users.

Following its designation as gatekeeper, Booking.com now

has six months to submit a detailed compliance report, the

Commission said. However, some DMA rules are applicable with

immediate effect, notably the obligation to inform the

Commission of any intended concentration in the digital sector.

If a gatekeeper does not comply with the DMA, the

Commission can impose fines of up to 10% of the company's total

worldwide turnover, which can go up to 20% in case of repeated

infringements. It can also impose limits on takeover activity.

Alphabet, Amazon ( AMZN ), Apple ( AAPL ),

Meta and Microsoft ( MSFT ) were designated gatekeepers

last year.

From March 7, they must make their messaging apps

interoperable with rivals and let users decide which apps to

pre-install on their devices. They are also not allowed to

favour their own services over rivals' or prevent users from

removing pre-installed software or apps.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Jack in the Box's Same-Store Sales Momentum Impacted by Government Shutdown, RBC Says
Jack in the Box's Same-Store Sales Momentum Impacted by Government Shutdown, RBC Says
Nov 20, 2025
11:47 AM EST, 11/20/2025 (MT Newswires) -- Jack in the Box's (JACK) same-store sales improved in Q4 as the company moved into price-pointed promotions but missed estimates as management indicated that momentum slowed down due to the US government shutdown, RBC Capital Markets said in a Thursday note. Although same-store sales are declining, the company is observing a sequential traffic...
Valvoline 'Over-Delivered' on Fiscal Q4 Same-Store Sales, RBC Says
Valvoline 'Over-Delivered' on Fiscal Q4 Same-Store Sales, RBC Says
Nov 20, 2025
11:47 AM EST, 11/20/2025 (MT Newswires) -- Valvoline ( VVV ) over-delivered on fiscal Q4 same-store sales, assuaging concerns over structural deceleration, RBC Capital Markets said in a Wednesday note. The company reported fiscal Q4 adjusted earnings of $0.45 per diluted share, down from $0.46 a year earlier, while net revenue increased to $453.8 million from $435.5 million. Same-store sales...
Regeneron Wins FDA Nod For Eylea HD With Reduced Injection Schedule For Patients With Vision Loss
Regeneron Wins FDA Nod For Eylea HD With Reduced Injection Schedule For Patients With Vision Loss
Nov 20, 2025
On Wednesday, the U.S. Food and Drug Administration (FDA) approved Regeneron Pharmaceuticals Inc.’s Eylea HD (aflibercept) Injection 8 mg for patients with macular edema following retinal vein occlusion (RVO) with up to every 8-week dosing after an initial monthly dosing period. RVO is a blockage in one of the veins that drain blood from the retina, causing blood and fluid...
Design Therapeutics' Friedreich Ataxia Program Shows Potential, RBC Says
Design Therapeutics' Friedreich Ataxia Program Shows Potential, RBC Says
Nov 20, 2025
11:48 AM EST, 11/20/2025 (MT Newswires) -- Design Therapeutics' ( DSGN ) Friedreich Ataxia program could deliver meaningful clinical benefits and bolster confidence in the company's platform, RBC Capital Markets said in a Thursday note. The brokerage highlighted that the program's lead candidate, DT-216P2, is a fundamentally improved formulation with higher systemic exposure and a more durable pharmacokinetic profile compared...
Copyright 2023-2026 - www.financetom.com All Rights Reserved