• 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
next post
Trump’s Bedminster turf could make or break his last two years in the White House

related articles

Dutch central bank shifts billions in gold from...

September 3, 2026

U.S. oil giant Chevron confirms it will expand...

September 3, 2026

Internal probe finds Dianna Russini’s ties to Patriots...

September 3, 2026

Bill Simmons under review by Massachusetts authorities after...

September 3, 2026

The sardine shortage is real — and it’s...

September 2, 2026

No pint-sized matter: Thieves steal $70,000 in Pabst...

September 1, 2026

Tony Romo admits to ‘over-reliance on alcohol’ after...

September 1, 2026

Shares in fast fashion retailer Shein slide in...

September 1, 2026

Trump calls for federal tax incentives to benefit...

September 1, 2026

Days after Trump announces Venezuela oil deal, White...

September 1, 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

  • 2 stocks to buy and 1 to sell as Democrats push for control of Congress

    November 3, 2026
  • Collins drops the hammer on Trump’s pick to lead DOJ, jeopardizing path to confirmation

    August 5, 2026
  • How Meta’s $18B teen safety settlement could reshape social media regulation

    August 29, 2026
  • Insiders are buying these 3 stocks: should you too?

    October 28, 2026
  • Federal indictment handed down in Minnesota related to issue some Dems claim never happens: ‘Hotbed for fraud’

    September 22, 2026

Popular Posts

  • 1

    Why SpaceX stock is down around 3% on Tuesday

    September 15, 2026
  • 2

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

    June 5, 2026
  • 3

    Micron stock falls 4%, why this analyst sees 40% upside for the stock?

    September 28, 2026
  • 4

    Evening digest: US jobs cool, gold falls as Treasury yields rise

    October 2, 2026
  • 5

    CoreWeave stock jumps 10% as analysts see major backlog upside

    June 16, 2026

Categories

  • Editor's Pick (711)
  • Investing (2,484)
  • Stock (90)

Latest Posts

  • Salesforce stock has slumped amid SaaSpocalypse concerns: what next?

    July 16, 2026
  • Robinhood stock rises as Morgan Stanley upgrades HOOD to overweight

    September 1, 2026
  • Dow falls 138 points as Iran tensions hit chip stocks, lift oil prices

    July 13, 2026

Recent Posts

  • Micron keeps smashing expectations but the stock may not follow: here’s why

    October 5, 2026
  • Trump ally Lindsey Graham survives challenge from GOP’s anti-establishment wing

    June 10, 2026
  • Dow futures crash over 500 points: 5 things to know before Wall Street opens

    July 8, 2026

Editor’s Pick

  • Why TSMC’s $64B spending plan shouldn’t deter investors

    October 15, 2026
  • Dow futures plunge 180 points: 5 things to know before Wall Street opens

    June 22, 2026
  • How Meta’s $18B teen safety settlement could reshape social media regulation

    August 29, 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