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TikTok to pay Alabama at least $100m to settle teen safety lawsuit

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TikTok has agreed to pay Alabama at least $100m to settle the state’s lawsuit over the app’s effect on children, Attorney General Steve Marshall’s office said on Friday. The case had been due to go to trial on Monday. The first payment is due within 45 days, according to the attorney general’s announcement. Alabama could receive […]

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TikTok’s US joint venture joins Lantern child safety programme and pledges $2M to NCMEC

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TikTok’s US business has joined Lantern, a program that lets tech companies share warning signs about people who sexually exploit children as they move from one platform to another, TechCrunch reported. The member is TikTok USDS Joint Venture, a majority-American-owned company formed in January to operate TikTok in the US. ByteDance retained a 19.9% stake, […]

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TikTok’s settlement priced release from a 2019 privacy order at $100m. A judge has tentatively said the order stays.

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A federal judge in Los Angeles has tentatively refused to lift the consent decree imposed on Musical.ly, the app ByteDance bought and turned into TikTok. Vlad Savov and Josh Sisco reported the ruling for Bloomberg, which said Judge George H. Wu intends to keep oversight of the company’s privacy practices. Wu wrote that the order imposed […]

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TikTok’s settlement priced release from a 2019 privacy order at $100m. A judge has tentatively said the order stays. Read More »

Euka expands to Instagram after helping brands generate $4B in TikTok Shop sales

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Euka has built its business helping brands recruit and manage the creators who sell their products on TikTok Shop. Now, it wants to follow those brands onto other platforms. The creator economy startup is launching an Instagram integration alongside Shopify-connected fulfillment. That gives brands a way to manage creator partnerships across both TikTok and Instagram. […]

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ByteDance’s AI drug unit Anew Labs raises $290M at $1.5B valuation, Reuters reports

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ByteDance closed a $290M funding round for Anew Labs, its newly spun-off AI drug discovery unit, at a $1.5B valuation, Reuters reports, citing two sources familiar with the matter. Moreover, the company that owns TikTok will retain 56% of the business after this round, according to the same sources.  According to the same reporting, HSG, […]

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A Texas judge has found TikTok liable for misleading parents about child safety

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A Texas judge ruled on Thursday that TikTok broke state law by telling parents its app was safe for their children while knowing that it was not. District Judge Cory Liu found that the company had intentionally misled the public about its safety standards, and he decided it on summary judgment, meaning he did not […]

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Congressman says TikTok backed out of a meeting to avoid child safety questions

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TikTok backed out of a congressional committee’s “public roundtable” set for this month over concerns it would be asked about child safety practices, the chair of the committee said. After negotiating “in good faith” to bring TikTok’s chief security officer before the House Select Committee on China to answer questions about Chinese government access to […]

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