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TikTok parent company ByteDance has agreed to a $92 million deal to settle class-action lawsuits alleging that the company illegally collected and used underage TikTok users' personal data.
The proposed settlement (PDF) would require TikTok to pay out up to $92 million to members of the class and to change some of its data-collection processes and disclosures going forward.
The suit, which rolled up more than 20 related lawsuits, mostly filed on behalf of minors, alleged that TikTok violated both state and federal privacy laws, including the Computer Fraud and Abuse Act and the Video Privacy and Protection Act, through its use of data.
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