Tiktok took less than a day to settle parents' lawsuit over spying on their kids

Yesterday Bytedance, the company that acquired the tween-centric app Musica.ly and relaunched it as Tiktok, was been sued by a parents' group for violating the Children's Online Privacy Protection Act by gathering, storing, and selling private information about their children. Today, they settled the case on terms that have not been disclosed. Read the rest

Tiktok is valued at $75b, is spending $3m/day on US advertising, and in China, it has been turned into a state propaganda vehicle

It's been a year since Chinese social media giant Bytedance relaunched its super-popular app Musica.ly as Tiktok; the company is now valued at $75b, and in the USA it has become a serious challenge to US-based social media companies, courting a young audience (so young that it's getting into legal hot water over it). Read the rest