TikTok Parent ByteDance Will Pay $92 Million in a Privacy Settlement

ByteDance Ltd. will have to pay $92 million in a class action settlement for violating user privacy on TikTok.

The China-based internet technology company, whose U.S. TikTok headquarters is in Culver City, was handed the judgment by a Chicago federal court Oct. 5 after the court determined the social networking service wrongfully collected users’ private data and shared the information with third parties.
 
In addition to paying the settlement amount into a fund for distribution, the company faces potential new requirements for TikTok’s privacy disclosures to consumers, as well as implementing compliance training programs for its employees and contractors.

Read the source article at Los Angeles Business Journal Homepage