TikTok to Pay $400 Million to US in Child Privacy Settlement
The social network and ByteDance reach a multi-million dollar settlement resulting from a lawsuit over data collection of children under 13
Video platform TikTok and its parent company, ByteDance, will pay $400 million to the United States. The financial settlement is part of one of the largest agreements ever reached regarding children's privacy.
The resolution of the case stems from a lawsuit filed in 2024. The legal action pointed out that the company and its parent company collected massive amounts of data from millions of users under the age of 13.
Details of the Lawsuit and Settlement
According to the 2024 lawsuit, the core accusation focused on the platform obtaining immense quantities of information from minors. With the finalization of the deal, the agreed amount reaches $400 million directed to the United States.
With information from BBC News.
Source: BBC News