European regulators slapped TikTok with a $368 million fine on Friday for failing to protect children s privacy, the first time that the popular short video-sharing app has been punished for breaching Europe s strict data privacy rules.
TikTok has been fined 345 million euros ($370 million) for breaching privacy laws regarding the processing of children's personal data in the European Union, its lead regulator in the bloc said on Friday.