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CoolingBusinessLegal$400 Million

TikTok will pay $400 million to settle Justice Department lawsuit over child privacy

What happened

TikTok Inc. and Chinese parent ByteDance Ltd. agreed to pay $400 million to resolve a a Biden-era lawsuit by the Justice Department accusing the popular social media app of collecting data on children in violation of an online privacy law.

Summary assembled by rule from the sources below

Why it's spreading

  • Confirmed3 sources are covering it, Bloomberg Technology first

Timeline

  1. First appeared on Bloomberg TechnologyBloomberg Technology
  2. Engadget started reportingEngadget

Sources