The Department of Justice reached a $400 million settlement with TikTok and its parent company ByteDance on Friday to resolve allegations that the short-video app violated children's online privacy laws.

The agreement ends a lawsuit filed by the Justice Department in 2024. Officials accused TikTok and ByteDance of failing to protect children's privacy and illegally collecting their information.

Under the terms of the settlement, TikTok will pay the $400 million fine without admitting wrongdoing. The company must also implement new measures to safeguard user data for users under 18.

The case highlighted concerns over data collection practices by the popular app, which is owned by the Chinese firm ByteDance. Lawmakers from both parties have raised national security and privacy issues related to the platform in recent years.

This resolution marks one of the largest penalties imposed on a social media company for children's privacy violations. It comes amid ongoing scrutiny of tech platforms and their handling of young users' data.