Scoop: DOJ, TikTok settle for $400 million in children's privacy suit

The DOJ and TikTok, including parent company ByteDance, have reached a $400 million settlement to resolve allegations of violating the Children's Online Privacy Act. Filed in 2024 by the Biden administration, the suit concludes without TikTok admitting wrongdoing or facing further litigation. The DOJ noted that TikTok has implemented significant changes to its ownership, management, and privacy practices. This settlement represents one of the largest recoveries ever and highlights increasing regulatory scrutiny on tech firms' compliance standards.