TikTok to pay $400m settlement in US children's privacy case

SAN FRANCISCO -- TikTok has 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. Regulators around the world have been ramping up enforcement against social media companies that violate laws around protecting children's data, privacy and safety. Chinese company ByteDance -- which sold off a majority stake of its US entity earlier this year in order