U.S. authorities have launched a major antitrust probe into TikTok. The Justice Department and Federal Trade Commission are leading the investigation. They want to know if TikTok unfairly dominates the short video market. This probe follows a long review by government watchdogs. Concerns grew about TikTok’s market power.
(Breaking: TikTok Faces Antitrust Investigation Over Alleged Monopoly in Short-Form Video)
Regulators worry TikTok holds a monopoly. They suspect the company uses its huge size to crush rivals. Officials claim TikTok owns key competitors. This practice could harm smaller companies. It might also limit choices for users. The probe will examine TikTok’s business deals. It will look at how TikTok treats other apps.
Authorities ordered TikTok to hand over internal records. They want company emails and strategy papers. Investigators seek proof of anti-competitive acts. They focus on TikTok’s video sharing rules. The rules might favor TikTok unfairly. Market experts say the investigation is serious. It could lead to big fines or forced changes.
TikTok responded quickly to the news. A company spokesperson called the probe “mistaken”. They argued the market is very competitive. TikTok pointed to many other video apps. They said users have lots of options. TikTok denied trying to block competitors. They promised full cooperation with investigators.
(Breaking: TikTok Faces Antitrust Investigation Over Alleged Monopoly in Short-Form Video)
The investigation adds to TikTok’s U.S. problems. Lawmakers already debated banning the app. Security fears drove those talks. Now monopoly concerns add pressure. TikTok faces tough questions in Washington. The outcome is uncertain for the popular platform.