this post was submitted on 08 Feb 2024
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59
Meta, TikTok take EU to court over online content rulebook (www.politico.eu)
submitted 9 months ago* (last edited 9 months ago) by [email protected] to c/[email protected]
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Social media giants Meta and TikTok are suing the European Union over a levy that bankrolls the enforcement of Europe’s content moderation law, the Digital Services Act.

Meta alone said it is required to pay €11 million for 2024. TikTok declined to say how much it is paying. The EU's decision that shows the costs per company is not public.

Under the content moderation law, very large online platforms and search engines have to split the costs of enforcement based on user numbers, paying a maximum contribution of 0.05 percent of their yearly profit each year to the Commission.

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[–] [email protected] 9 points 9 months ago

Its capped at 0.05% so basically meta made at least 22Bilion