financetom
Business
financetom
/
Business
/
TikTok owner ByteDance to pay $92M in US privacy settlement
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
TikTok owner ByteDance to pay $92M in US privacy settlement
Feb 25, 2021 10:56 PM

TikTok’s Chinese parent company ByteDance has agreed to pay USD 92 million in a settlement to US users who are part of a class-action lawsuit alleging that the video-sharing app failed to get their consent to collect data in violation of a strict Illinois privacy law.

Share Market Live

NSE

The federal lawsuit alleged that TikTok broke the Illinois biometric privacy law, which allows suits against companies that harvest consumer data without consent, including via facial and fingerprint scanning. Illinois is the only state with a law that allows people to seek monetary damages for such unauthorized data collection.

While we disagree with the assertions, rather than go through lengthy litigation, we would like to focus our efforts on building a safe and joyful experience for the TikTok community, TikTok said in an emailed statement.

Facebook agreed to a USD 550 million settlement under the same law last February. The TikTok settlement must still be approved by a federal judge.

Privacy advocates have praised the law as the nation's strongest form of protection in the commercial use of such data, and it has survived ongoing efforts by the tech industry and other businesses to weaken it.

Illinois is one of three states that have laws governing the use of biometric data. But the other two, Texas and Washington, don't permit individual lawsuits, instead of delegating enforcement to their attorneys general

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Eric and Trump Jr-backed manufacturing SPAC files for $300 million US IPO
Eric and Trump Jr-backed manufacturing SPAC files for $300 million US IPO
Aug 4, 2025
Aug 4 (Reuters) - New America Acquisition I Corp, a blank-check firm backed by Eric Trump and Donald Trump Jr., on Monday filed for an initial public offering of up to $300 million in the United States. The move is the latest in a series of ventures by U.S. President Donald Trump's family, including a meme coin launched in January...
Eric and Trump Jr-backed manufacturing SPAC files for $300 million US IPO
Eric and Trump Jr-backed manufacturing SPAC files for $300 million US IPO
Aug 4, 2025
(Reuters) -New America Acquisition I Corp, a blank-check firm backed by Eric Trump and Donald Trump Jr., on Monday filed for an initial public offering of up to $300 million in the United States. The move is the latest in a series of ventures by U.S. President Donald Trump's family, including a meme coin launched in January and World Liberty...
EVI Industries Acquires ASN Laundry Group
EVI Industries Acquires ASN Laundry Group
Aug 4, 2025
11:27 AM EDT, 08/04/2025 (MT Newswires) -- EVI Industries ( EVI ) said Monday that it acquired New York-based ASN Laundry Group, which distributes commercial laundry products. Financial terms weren't disclosed. The company said the acquisition will help it boost its market share in New York. Shares of EVI Industries ( EVI ) were up more than 5% in recent...
Copyright 2023-2026 - www.financetom.com All Rights Reserved