TikTok agrees to 400m US child privacy fine

TikTok has agreed to pay $400 million to the US government to settle a lawsuit alleging its platform violated children's privacy laws. The settlement addresses claims that TikTok and its parent company ByteDance collected data on users under 13 without parental consent, in violation of COPPA. Under the terms, TikTok and ByteDance will pay $300 million immediately and an additional $100 million once a 2019 consent decree is vacated. The lawsuit highlights concerns over the platform's privacy practices and user age verification.

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