Source: ABC News
“The Trump administration is nearing an agreement with TikTok to resolve an ongoing lawsuit over alleged child privacy violations in exchange for the social media company paying $400 million that the administration plans to use to fund President Donald Trump’s Washington, D.C., ‘beautification’ projects, sources familiar with the discussions told ABC News. … While the Department of Justice regularly reaches settlements with private companies accused of wrongdoing, the proposed TikTok settlement marks a departure from the practice of using the settlement funds to resolve the alleged wrongdoing or compensate victims.” (05/08/26)