TikTok and ByteDance agree to pay $400 million over US child privacy allegations
- TikTok and parent company ByteDance agreed on Friday to pay $400 million for unlawfully collecting children's personal data.
- US authorities said TikTok let children under 13 use the platform without adequate parental consent.
- The settlement resolves a 2024 lawsuit by the Justice Department and Federal Trade Commission over child privacy violations.
- TikTok will pay $300 million now, with $100 million due after a 2019 consent decree is set aside.
Source: moneycontrol.com
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