Technology Technology

TikTok puts aside $1 billion to cover regulatory, privacy, consumer actions in Europe

By Jakub Krupa
  • 10 Oct 2024 17:25
  • 10 Oct 2024 17:25
TikTok has put aside more than $1 billion for potential fallout from regulatory, privacy and consumer actions in Europe, latest financial results show.
The social media platform's financial results, posted to the UK registry Companies House, show just over $1 billion reserved for legal and related matters.

The accounts

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Jakub Krupa

Senior Correspondent


Jakub joined MLex’s London team in August 2020 to report on topics including data privacy and security, cybersecurity, and telecom regulation, focusing on EU & UK regulatory and legal risk in the telecoms, media and technology (TMT) sectors. He is currently working on MLex's coverage of future mobility, in particular the rise of connected, electric and autonomous vehicles.

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