TikTok could receive $92 million in class action settlement

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TikTok could receive $92 million in class action settlement

The United States users could be eligible to receive funds from a $92 million class action data settlement.

While we disagree with the assertions, we are pleased to have reached a settlement that allows us to move forward and continue to build a safe and joyful experience for the TikTok community, a told Insider of the settlement.

The settlement comes after 21 federal lawsuits were filed on behalf of minors earlier this year. The lawsuit also alleged that TikTok extracts a broad array of private data that the company uses to track and profile TikTok users for ads, in court documents filed in the United States District Court for the Northern District of Illinois.

TikTok collected information from users unpublished videos in an amended class action suit, which was published by lawyers.

Insider reported that TikTok has agreed to not use its app to collect or store biometric information unless explicitly disclosed in its privacy policy. It also agreed not to collect geolocation data.

It will delete all drafts of posts that were never uploaded and will not use such data in the future.

TikTok users who have joined the popular video app prior to October 1 and are U.S. citizens may be eligible for payment. The settlement was in-app notification and the tech company alerted users to the matter on Monday.

The settlement applies to about 89 million TikTok users, according to the U.S. Insider. To qualify for a possible payment, eligible TikTok users must file a claim by March 1, 2022.