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TikTok Settles US Lawsuit over Child Protection, Potentially Worth up to $300 Million.
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The US has reached a settlement agreement with TikTok and its parent company ByteDance regarding a lawsuit alleging the social media platform is addictive, with the US potentially receiving up to $300 million. TikTok continues to retain Russian users despite restrictions. Brazil fined TikTok nearly $30 million for violating child data protection regulations. The US reached a $400 million agreement with TikTok on protecting children's privacy.
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