TikTok Settles Children's Privacy Lawsuit for $400 Million

TikTok and ByteDance agreed to a $400 million settlement to resolve a U.S. Department of Justice lawsuit alleging violations of the Children's Online Privacy Protection Act. The lawsuit, filed in August 2024, accused the companies of illegally collecting personal information from users under 13 without parental consent.

🐿️ This settlement signals that tech giants face serious financial consequences for ignoring child privacy laws, not just slap-on-the-wrist fines.