• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

TikTok reaches $400 million settlement with Justice Department over children’s privacy

by August 23, 2026
written by August 23, 2026

TikTok has reached a $400 million settlement with the U.S. Department of Justice, ending a 2024 lawsuit alleging the company violated federal children’s privacy laws.

The Justice Department said Friday that TikTok will pay $300 million immediately and another $100 million after an order vacates an earlier consent decree against its predecessor company, Musical.ly.

“This settlement is a major victory for American children and parents,” said U.S. Associate Attorney General Stanley E. Woodward Jr. 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.”

Since the Justice Department’s lawsuit in 2024, TikTok has undergone major changes, most notably in the ownership structure of its U.S. arm. In January, the social video platform company signed agreements with major investors including Oracle, Silver Lake and the Emirati investment firm MGX to form the new TikTok U.S. joint venture.

Representatives for TikTok did not immediately respond to a message for comment Friday.

The latest lawsuit focused on allegations that TikTok and its China-based parent company ByteDance violated a federal law that requires kid-oriented apps and websites to get parental consent before collecting personal information of children under 13. It also says the companies failed to honor requests from parents who wanted their children’s accounts deleted, and chose not to delete accounts even when the firms knew they belonged to kids under 13.

The settlement comes as social media companies face an avalanche of lawsuits over children’s safety and privacy and a growing number of countries are banning young kids and teens from social media apps. Instagram’s parent company, Meta Platforms, is currently on trial in federal court in Oakland, California, over allegations it violated the 1998 Children’s Online Privacy Protection Act, or COPPA, along with various state statutes.

This post appeared first on https://www.nbcnews.com

0 comment
0
FacebookTwitterPinterestEmail

previous post
FBI asked ‘Sammy the Bull’ if ex-Gambino mob prosecutor Comey knew meaning of ’86’: court filing

related articles

‘Rearranging deckchairs on the Titanic’: Bonds erase the...

August 21, 2026

United Arab Emirates suspends trade with Iran after...

August 20, 2026

Bond yields fall after Treasury announces surprise move...

August 20, 2026

Disney and ABC sue FCC, seeking to stop...

August 19, 2026

Gov. Josh Shapiro takes a hard line against...

August 19, 2026

Oil jumps past $91 as Trump casts doubt...

August 19, 2026

ByteDance signs AI copyright pact with Hollywood trade...

August 18, 2026

Group including Amazon founder Jeff Bezos to buy...

August 17, 2026

Stocks rise and interest rates slide after inflation...

August 14, 2026

Bumble scraps signature rule and now allows men...

August 13, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • OpenAI-Anthropic rivalry sparks AI price war fears ahead of IPO race

    June 11, 2026
  • Europe’s $116B fighter jet ‘failure’ raises fresh doubts about ability to defend itself without US

    June 10, 2026
  • Rolls-Royce share price in focus as it eyes narrow-body engine entry

    June 29, 2026
  • Here’s why the MOEX Index and Russian ruble are falling

    June 29, 2026
  • Top Dems go silent after McCarthy vindicated for booting Swalwell off intel committee

    August 21, 2026

Popular Posts

  • 1

    CoreWeave stock jumps 10% as analysts see major backlog upside

    June 16, 2026
  • 2

    Intel, AMD stocks slide again in aftermath of Broadcom’s weak outlook

    June 5, 2026
  • 3

    Dow tumbles 680 points as chip rout sends Nasdaq to biggest drop since 2025

    June 5, 2026
  • 4

    Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026
  • 5

    Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026

Categories

  • Editor's Pick (489)
  • Investing (944)
  • Stock (69)

Latest Posts

  • Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026
  • DAX Index analysis as hedge funds place huge short bets against German automakers

    June 16, 2026
  • Smithsonian’s taxpayer funds face chopping block as GOP demands accountability for ‘woke’ history

    August 7, 2026

Recent Posts

  • Fox News Power Rankings: Voters say they’re in economic pain, but will Democrats gain?

    July 21, 2026
  • Here’s why the booming Kospi Index may suffer a harsh reversal soon

    June 28, 2026
  • Iran fights to keep grip on Hormuz as US, Gulf allies carve new shipping route

    June 30, 2026

Editor’s Pick

  • BofA is bearish on Adobe: the stock is still rising today

    July 7, 2026
  • Nvidia stock slips 3%: why are analysts still bullish?

    July 13, 2026
  • Why isn’t Battalion Oil stock soaring as Trump said Iran deal is over

    July 8, 2026
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock