TikTok Is 'Repeat Offender' With Children's Privacy Violations, DOJ Says In Lawsuit
Portfolio Pulse from Hayden Buckfire
The DOJ and FTC have filed a lawsuit against ByteDance's TikTok for repeatedly violating the Children's Online Privacy Protection Act (COPPA). The lawsuit alleges that TikTok collected personal information from children under 13 without parental consent. This legal action could benefit Meta Platforms Inc (NASDAQ:META), a competitor of ByteDance.
August 02, 2024 | 7:59 pm
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Meta Platforms Inc (NASDAQ:META) could benefit from the DOJ and FTC lawsuit against ByteDance's TikTok for violating children's privacy laws. This legal action may reduce competition for Meta.
The lawsuit against TikTok could lead to stricter regulations or penalties for ByteDance, potentially reducing its market presence. This could benefit Meta by reducing competition in the social media space, especially among younger users.
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