TikTok to Pay $400 Million to Settle U.S. Child Privacy Lawsuit

The U.S. Department of Justice has announced a $400 million settlement with TikTok and his parent company ByteDance Ltd. resolving a lawsuit concerning federal children’s privacy law.

The agreement, one of the highest financial penalties ever secured under the Children’s Online Privacy Protection Act (COPPA), brings an end to a multiyear legal dispute over the social media platform’s data practices and acknowledges TikTok’s corporate restructuring to maintain its U.S. operations.