The Justice Department, TikTok, and its parent company ByteDance have agreed to a $400 million settlement. This resolves allegations that TikTok violated children's online privacy laws. The Biden administration's DOJ filed the suit in 2024. TikTok will resolve the charges without further litigation or admitting guilt. The company has made significant changes to its ownership and privacy practices since the lawsuit began. This settlement represents one of the largest recoveries under the privacy law. The DOJ stated it protects American children and reinforces expected online safeguards. Changes include stronger youth protections and better parental oversight tools. The original lawsuit accused TikTok of violating a 2019 consent order. This included knowingly permitting children to use regular accounts and share content with adults. The company also unlawfully collected children's personal information. This settlement is a financial cost for TikTok but avoids continued legal battles.