TikTok Agrees to $400 Million Settlement in U.S. Child Privacy Lawsuit

TikTok has agreed to a $400 million settlement in a US lawsuit alleging the company violated child privacy laws. The lawsuit was filed in 2024 and the settlement was announced by the US Department of Justice. As part of the agreement, TikTok will pay $300 million upfront and an additional $100 million at a later stage. The later payment is contingent on the entry of an order related to a prior consent decree. The settlement resolves the allegations against the social media platform. TikTok's owner, ByteDance, is responsible for the payment.