Asian Markets End Year on AI Optimism as Precious Metals and Currencies Shine 
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling 
Brazil Supreme Court Orders Asset Freeze of Nelson Tanure Amid Banco Master Investigation 
Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains 
Gold Prices Rebound in Europe as Geopolitical Tensions and Fed Outlook Support Bullion 
Pop Mart Shares Surge in Hong Kong After First Buyback in Nearly Two Years 
Proposed Rio Tinto–Glencore Merger Faces China Regulatory Hurdles and Asset Sale Pressure 
Trump Criticizes NYSE Texas Expansion, Calls Dallas Exchange a Blow to New York 
U.S. Stock Futures Slip as Year-End Trading Turns Cautious 
Lululemon Founder Chip Wilson Escalates Proxy Fight to Remove Advent From Board 
South Korea Inflation Rises to 2.3% in December, Matching Market Expectations 
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability 
Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns 
BHP Posts Record Iron Ore Output as China Pricing Pressures Loom 
Renault Group Global Sales Rise 3.2% in 2025 on Strong International and EV Demand 
TikTok, the popular Chinese video app, has been sued for the alleged illegal use of children’s private data. London filed the child privacy lawsuit with a damages claim amounting to billions of dollars.
Fox Business reported that ByteDance, TikTok’s parent company, is now facing a case where it could lose a lot if the court sides with the complainants. It was said that the suit was filed at London's High Court, and Tiktok was accused of collecting data of millions of European kids.
Details about the lawsuit
TikTok is very popular, especially with young people, and in Europe alone, it has about 100 million users. More children have used the app since the COVID-19 pandemic hit as everyone is staying at home. In fact, the high usage during the lockdowns boosted TikTok’s revenues.
However, the claimants alleged that the app violated the UK and European Union data protection laws by processing the children’s data without consent from their parents or guardians.
They said that there was no transparency and security measures as well. Because of this, the plaintiffs, who are being advised by Scott & Scott law firm, are asking for TikTok to delete the children’s personal information.
The lawsuit is being led by Anne Longfield, former Children's Commissioner for England, who relayed the complaints of an anonymous 12-year-old girl. She claimed that almost every kid has used TikTok since 2018, and ByteDance collected private Infos that may have been passed on to third parties.
"Parents and children have a right to know that private information, including phone numbers, physical location, and videos of their children are being illegally collected," she said in a statement.
TikTok’s response to the allegation
A claim was filed in London on behalf of the children in the EU and the U.K., and if they will succeed, it was estimated that each child could receive thousands of pounds. However, TikTok denied the allegation by saying through its representative that the company’s top priorities include privacy and safety. They added that their policies are strict, and they have technologies that help protect all users, especially the young users.
Since there is already a lawsuit, TikTok will fight it because they believe the accusation is baseless, as per BBC News. "We believe the claims lack merit and intend to vigorously defend the action," the representative stated.
