The European Union is set to investigate potential breaches in online content rules by ByteDance's TikTok, according to a recent statement by an EU official. As per the statement, if TikTok is found guilty of breaking rules meant to safeguard children and promote transparent advertising, the popular short-video-sharing platform will be liable to a large fine.
At this point in the quarter, the company estimates that severance-related expenses will be roughly $700 million in the first quarter "as we've continued these efforts". Google Posts 'USD 307 Billion' Revenue in 2023 and Spends 'USD 2.1 Billion' on Severance and Other Expenses of Over 12,000 Laid Off Employees, Will Spend More 'USD 700 Million' in Q1 2024.
TikTok's compliance is always questioned in many countries. The latest complaint from Malaysia confirms that the platform is not complying with its laws.
A lawsuit was filed in a state court in Los Angeles after two girls aged eight and nine died while taking part in a "Blackout Challenge" that makes a sport of choking oneself until passing out.
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