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Market Chatter: DOJ Drops Claim TikTok Misled Consumers on Data Security
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Market Chatter: DOJ Drops Claim TikTok Misled Consumers on Data Security
Jun 21, 2024 5:13 AM

07:55 AM EDT, 06/21/2024 (MT Newswires) -- The US Department of Justice is dropping one of its two proposed claims against TikTok, opting to focus its energy on the privacy of children over allegations that the social-media platform misled consumers regarding their data security, Bloomberg reported Friday, citing people familiar with the matter.

The department is planning to file a consumer protection lawsuit against TikTok later this year on behalf of the US Federal Trade Commission, Bloomberg reported, citing the people.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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