Are you eligible for $92 million payout from TikTok settlement?
Millions of TikTok users may be eligible for a payout after TikTok agreed to a $92 million settlement in light of lawsuits over user privacy. AP TikTok users may be eligible for a share of $92 million after the social media company agreed to a class-action settlement.
Is there a lawsuit against TikTok?
TikTok settles lawsuit for $92 million. Why you might not get any settlement money A federal judge in Illinois has granted final approval for a $92 million class-action lawsuit settlement between the social media network TikTok and users of the platform, with Illinois residents set to receive the largest share of the payout.
What does the $92 million settlement with ByteDance mean for TikTok?
The $92 million settlement is small change for TikTok since the app’s parent company, ByteDance, is worth $250 billion, according to Bloomberg. In light of the settlement, TikTok has made changes to its data and privacy settings.
Can you get paid for TikTok videos in Illinois?
For those who live in Illinois and have used TikTok to create videos, you may be entitled to six times the payment, documents show. The forms can be submitted at Tiktokdataprivacysettlement.com or can be printed and mailed in. The settlement offers four different ways to get the settlement:
How much will I get from TikTok settlement?
Although a $92 million settlement may sound like a large amount of money, if applied to all the users affected, those in the nationwide subclass would receive a payout of $0.96 due to attorney fees. Illinois citizens, however, will receive more (up to $5.75 if every eligible person submits a claim).
Did the TikTok settlement get approved?
A federal judge in Illinois has granted final approval for a $92 million class-action lawsuit settlement between the social media network TikTok and users of the platform, with Illinois residents set to receive the largest share of the payout.
How do I get the TikTok settlement?
To submit a claim, visit the TikTok data privacy settlement website. Claims must be submitted by March 1. Settlement class members can also object to the settlement by writing a letter to the court by Jan. 31.
What is a Class action settlement TikTok?
TikTok agreed to pay $2 million to resolve allegations that its app violated the privacy rights of users. The settlement resolves two class action lawsuits in British Columbia, both of which alleged TikTok collected private information from minors and adults alike.
How much is TikTok worth?
Valuations of TikTok in 2020 put it at $50 billion. There are some experts out there that claim this figure to be higher than this in 2022 and believe that it is sitting at $75 billion.
Does TikTok owe money?
According to the settlement, U.S. residents who used TikTok prior to September 30, 2021, may submit a claim to receive a payment. What is this? If approved, the Settlement could pay $92,000,000 to those who file claims. The final payout will be based off how many claims are filed.
How do I know if I have a Facebook settlement?
If you are still not sure whether you are included, you can get free help on this website or by calling the Settlement Administrator at 1-844-799-2417. Please do not contact the Court or Facebook. Facebook will pay $650 million to settle this case.
How much money was reached in TikTok lawsuit?
A $92 million settlement was reached in TikTok’s class action lawsuit – and you might be eligible for a share of the money.
When do you have to submit a claim for a settlement?
Court documents say that if you qualify for a settlement payment, you must submit a valid claim for before March 1, 2022. There are several ways to submit a claim.
TikTok settlement: How to claim
To be eligible to receive money, you need to have been using the app by Sept. 30 and need to submit a claim form by March 1, 2022, court documents show. Parents can submit claims for minors.
TikTok lawsuit deadlines
Jan. 31: Deadline to object and tell the court you don't like the settlement and last day to be excluded from the settlement, which means you'll get no benefits.
How much did TikTok pay out?
The video-sharing app TikTok has agreed to pay out $92 million to settle lawsuits alleging the service harvested personal data from its users without their permission, and if you meet the relevant qualifications, you could be eligible for a piece of the pie. Here’s what you need to know about the case and how to submit a claim for your share.
What are the details in the case against TikTok?
It began with a number of lawsuits, many of them filed on behalf of minors, that claimed TikTok “clandestinely vacuumed up” private and personally identifiable data from its users, violating federal and state laws that require written consent before technology companies can mine personal details. The plaintiffs allege TikTok took this data without permission from users as young as 6 years old, then shared it with entities including Facebook, Google, and various companies in China.
Who is eligible for a payout in the settlement?
This is a class action settlement, meaning millions of people qualify. Anyone in the United States who used the TikTok app before Sept. 30, 2021, is eligible. Adults can submit claims on the behalf of their minor children.
How to object to a settlement?
To do this, you must send in a written statement of your objection by Jan. 31, 2022. More details here.
Does TikTok send data to foreign companies?
In addition to the sky-high payment — touted as one of the largest in history for a privacy case — the settlement includes agreements from TikTok that the company will no longer record users’ locations or biometric data, including the details of their faces, and will not send data of American users to foreign companies.
Is TikTok a class action?
After more than a year of legal battles, TikTok agreed in February to a class action settlement in which neither side was declared a “winner,” but the app’s parent company would pay up in order to settle the dispute out of court. “Rather than go through lengthy litigation, we’d like to focus our efforts on building a safe and joyful experience for the TikTok community,” a TikTok spokesperson said at the time.
Does TikTok accept PayPal?
If you do receive a payment, TikTok will provide it via PayPal, Venmo, a virtual prepaid card, or a physical check sent to your address.
What does this mean for users?
Eligible TikTok users were notified of the potential for a payout via an in-app notification sent out Monday. Those that received a notification fall into two camps: those included in the nationwide group, and those included in the Illinois subgroup.
How to get paid
If you or someone you know is included in the 89 million users affected by the TikTok settlement, you’ll need to submit a claim by March 1, 2022, in order to receive any payment. If you are eligible but don’t wish to take part in the settlement, you can also submit an exclusion form.
