Scoop: DOJ, TikTok settle for $400 million in children's privacy suit

The Justice Department and TikTok, along with parent ByteDance, reached a $400 million settlement to resolve allegations of violating children's online privacy laws, per an announcement shared with Axios. The Biden administration's DOJ filed the suit in 2024. TikTok will pay without admitting wrongdoing. Associate Attorney General Stanley Woodward called it a major victory for American children and parents.