TikTok to pay $400 million over child privacy lawsuit

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TikTok has agreed to pay $400 million to settle a child privacy lawsuit involving the DOJ. This payment resolves the final major legal obstacle for the social media platform. While the DOJ describes the settlement as a major victory, ByteDance is projected to earn $50 billion this year. Notably, the U.S. government did not prove that TikTok violated the law during the proceedings, yet the company will pay nearly half-a-billion dollars to clear the case.
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