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ActiveBusinessLegal$400 million

TikTok settles children’s privacy suit with DOJ for $400 million

What happened

The DOJ calls it a "major victory," but ByteDance is projected to earn $50 billion this year — and the U.S. never proved TikTok violated the law.

Summary assembled by rule from the sources below

Timeline

  1. First appeared on FortuneFortune

Sources