business βοΈ TikTok settles for $400M in US child privacy lawsuit
TikTok has agreed to a $400 million settlement regarding a 2024 lawsuit over child privacy violations in the U.S. The company, owned by ByteDance, was sued for massive invasions of children's privacy in the country. This settlement involves an immediate $300 million payment and an additional $100 million later on. The complaint alleged TikTok knowingly allowed kids under 13 to sign up and illegally collected data. The tech company has since put in place new safeguards for younger users. π±