SAN FRANCISCO (UNITED STATES) - TikTok and parent company ByteDance have agreed to pay $400 million to settle a lawsuit with the US Department of Justice over claims that the video-sharing platform violated federal children's privacy laws, the department announced on Friday.
"Under the settlement, TikTok will pay $300 million immediately and an additional $100 million upon entry of an order vacating a prior consent decree entered against TikTok's predecessor, Musical.ly," the department said in a statement.