TikTok has agreed to pay $400 million to settle a US lawsuit over children's privacy. This was reported by Qazaqyia.kz citing Reuters.
The settlement was reached in a case brought by the US Department of Justice, which accused TikTok of violating children's privacy laws. The case concerned the company's failure to comply with requirements for protecting minors' personal data.
The agreement between the US Department of Justice and TikTok includes a payment of $400 million. The funds are expected to be used for measures to protect children's privacy.
TikTok does not admit wrongdoing but chose to resolve the matter through the settlement. The company has pledged to take additional steps to safeguard children's privacy in the future.
This settlement is a significant development for TikTok's operations in the US. The company has previously faced criticism over children's privacy issues.
According to Reuters, the settlement may conclude the US Department of Justice's investigation into TikTok. However, the company still faces other legal challenges.
TikTok representatives welcomed the agreement and said the company would continue its efforts to protect children's privacy. They also noted that resolving this issue would positively impact the company's reputation.
Officials from the US Department of Justice emphasized the importance of the settlement, calling it a significant step in protecting children's privacy. They expressed hope that TikTok would strictly adhere to legal requirements in the future.
This event could increase accountability for tech companies worldwide regarding children's privacy. Many experts believe this settlement will serve as a model for other companies.