TikTok agrees to pay $400 million to settle Justice Department children's privacy case

The U.S. Department of Justice has secured a $400 million settlement with TikTok and parent company ByteDance in a case related to children's privacy legislation, the DOJ announced Friday.

"This settlement is a major victory for American children and parents," Associate Attorney General Stanley E. Woodward Jr. said in a statement.

"The department's priority is ensuring that children are protected online and that companies entrusted with their personal information meet their legal obligations. This resolution secures a substantial recovery while reinforcing the protections that families expect and deserve."...