Meta, Tiktok Challenge Action Act Digital Services Act, we call it “ridiculous” and “discriminatory” and based on defective – alphabet account

Wednesday, Meta Platforms, Inc. Dead and Bensanis-Kings Tikhak Challenge the supervisory fees of the European Union under Digital Services LawOn the pretext that the fees accounts are defective and their fees are not fair.

What happened: The two companies brought their case before the General Court of the European Union, on the pretext that the supervisory fees imposed under the Digital Services Law (DSA) are not appropriate and are based on incorrect accounts, Reuters said.

The fees, which amount to 0.05 % of the company’s global net income, aims to cover the costs of the European Commission to oversee compliance with the law.

Meta lawyer, Assimakis KomninosHe argued that the fees account, which used the total group revenues instead of the income of individual subsidiaries, was transparent and “led to completely unreasonable and ridiculous results.”

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The report added that Meta still does not fully understand how the fees were calculated.

Tijook’s lawyer, Bill BacchilorThis method criticized it as “inaccurate” and “discriminatory”, claiming that the number of users has been amplified by the double waiver users who turn between the devices.

Tiktok also argued that the fees include the costs of other platforms unfairly and exceed the maximum fees for law.

In defense, the committee’s lawyer Lorena Arduati I mentioned that the group’s profits were the correct reference point for the fees, on the pretext that companies have sufficient information to understand the methodology and that the committee’s approach was complied with legal standards.

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The court is expected to judge the order next year

Why is this important: Regardless of Meta and Tiktok, the European Union has identified 20 main platforms on the Internet and prominent online search engines – including Alphabet Inc.’s Goog Googl Googleand Apple Inc. AaplAnd others – they are subject to this tax under the name of the European Commission.

The annual fees are determined based on the average monthly number of users for each company and their financial results from the previous year, especially whether they have recorded profit or loss.

Price work: Meta shares fell by 1.18 % on Wednesday and slid 0.43 % in trading after working hours, according to it. Benzinga Pro Data.

Benzinga’s Edge It indicates a positive direction of description across the short, medium and long -term time frames. More detailed performance data is available here.