Federal Trade Commission for $5.7 million, the largest civil penalty the agency has collected for a children's data-privacy case. regulators in February when, after merging with Chinese-owned app Musical.ly in August, it settled a case with the U.S. History of data-privacy and predatory concerns However, TikTok has already come under fire from government regulators and parents for data-privacy concerns and what some critics call predatory practices on the app regarding children. It has funding from some of the world's highest-profile investors, including Japanese conglomerate SoftBank (also an investor in Uber). ByteDance, which owns TikTok, is the single largest start-up in the world, surpassing Uber in valuation with $78 billion. It's also more than just a plucky tech start-up. TikTok, called Douyin in China, is a phenomenon in a country where both Facebook and Instagram are banned. TikTok's figures are particularly impressive, not just because TikTok is a young company, but because they exclude installs from third-party Android stores in China, meaning the actual download count is much higher.
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