TikTok Reaches $400 Million COPPA Settlement With U.S.

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Source: BBC
TikTok Reaches $400 Million COPPA Settlement With U.S.
Photo: BBC
TL;DR Summary

TikTok has agreed to pay $400 million to the U.S. to settle a Department of Justice COPPA lawsuit accusing the platform of collecting data on users under 13; under the terms, TikTok and ByteDance will pay $300 million now and $100 million later after the government vacates a 2019 FTC consent decree, reflecting changes in ownership and privacy controls for young users since the suit was filed.

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