The Department of Justice has issued a press release announcing that it has agreed to settle its allegations that TikTok and its parent company, ByteDance violated the Children’s Online Privacy Protection Act (COPPA).

The settlement requires TikTok to pay “$300 million immediately and an additional $100 million upon entry of an order vacating a prior

Chinese company ByteDance faces growing concerns from governments and regulators that user data from its popular short video-sharing app TikTok could be handed over to the Chinese government. The concern is based on China’s national security laws, which give its government the power to compel Chinese-based companies to hand over any user data. More than