FTC refers complaint against TikTok to Justice Department over child privacy violations

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The Federal Trade Commission announced that it referred a complaint against TikTok and China-based parent company ByteDance to the Justice Department for investigation.

The Federal Trade Commission announced Tuesday that it has referred a complaint against TikTok and parent company ByteDance to the Justice Department over an investigation into alleged violations of a law intended to protect children's privacy online. The FTC explained that it was investigating TikTok and ByteDance as part of a compliance review into Musical.

TikTok said in a statement it has been working with the FTC and that it's disappointed the regulator referred the investigation to the Justice Department. "We've been working with the FTC for more than a year to address its concerns," a TikTok spokesperson told FOX Business. "We're disappointed the agency is pursuing litigation instead of continuing to work with us on a reasonable solution.

TikTok and ByteDance have until Jan. 19, 2025, to decide whether to sell the company to an owner who isn't from a foreign country considered to be an adversary of the U.S. or else the ban would take effect. TikTok and ByteDance have challenged the law in court. The situation has prompted billionaire Frank McCourt to form a consortium of investors looking to buy TikTok from ByteDance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Democrats refer climate investigation of oil majors to Justice DepartmentCongressional Democrats referred an investigation into Big Oil companies to the Department of Justice.
Source: dcexaminer - 🏆 6. / 94 Read more »

Democrats refer climate investigation of oil majors to Justice DepartmentDemocrats on Wednesday referred to the Justice Department their investigation into oil majors and whether the companies knowingly deceived the public about the effects of climate change. In the letter to U.S.
Source: dcexaminer - 🏆 6. / 94 Read more »