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TikTok 400 Million Dollar Agreement

Oikonomikos Tachydromos
TikTok 400 Million Dollar Agreement
Photo: ot.gr

Key Points

  • TikTok reached a $400 million agreement
  • The agreement is related to allegations of collecting children's personal data
  • TikTok will have to better explain how it collects and uses children's data

By the Numbers

400 million dollars

TikTok has reached a $400 million agreement with the US Department of Justice. The agreement is related to allegations that the company collected personal data of children under the age of 13.

TikTok and its parent company ByteDance were accused of collecting children's personal data, which the company denied. However, the company agreed to the agreement.

The agreement will require TikTok to better explain how it collects and uses children's data.

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Frequently Asked Questions

Why did TikTok agree to this agreement?
TikTok agreed to this agreement because it was accused of collecting personal data of children under the age of 13.
What does the agreement mean?
The agreement means that TikTok will have to better explain how it collects and uses children's data.
How much is the agreement worth?
The agreement is worth $400 million.

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