DOJ to drop claim TikTok misled U.S. consumers, Bloomberg reports

The U.S. DOJ won’t pursue the FTC’s claim that TikTok misled U.S. consumers on data security in a forthcoming suit accusing TikTok of children’s privacy violations, Bloomberg’s Leah Nylen and Chris Strohm report. According to people familiar with the matter, the Justice Department plans to drop one part of the FTC complaint alleging that TikTok deceived U.S. consumers by failing to inform them that Beijing-based employees of ByteDance would have access to their personal and financial information, but will proceed with claims the company violated the Children’s Online Privacy Protection Act, which bars collecting data about children under the age of 13. Publicly traded companies in the social media space include Meta Platforms (META), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP).