TikTok is paying £293m over children’s data: How much could Big Tech’s privacy mistakes cost?

TikTok and ByteDance will pay $400 million to settle the US case. YouTube and Epic Games have also faced major penalties under the same privacy law. Meta is now fighting a much larger case involving similar allegations. For technology companies, children’s privacy is becoming an increasingly expensive problem. TikTok and its parent company ByteDance have agreed to pay $400 million (£293 million)…