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.
What happens if the $92 million app settlement is approved?
If the $92 million settlement is approved in a federal court hearing on May 18, app users who filed valid claims will receive a pro-rated settlement payment. Here’s what you need to know about eligibility and how to submit a claim:
How much will each person get from the 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).
How do I get my payout from TikTok?
How to Withdrawal from TikTokOpen the TikTok app.Select your “Profile” and tap on the three horizontal lines in the upper-right corner, which takes you to settings.Select “Settings and privacy.”Select “Balance.”Tap on “Live Gifts.”Select “Withdraw.”Log into your registered PayPal account.Confirm the withdrawal.
What happened to the TikTok settlement?
Federal Court Approves $1.1 Million TikTok Settlement Over Children's Privacy Claims. On March 25, 2022, the U.S. District Court for the Northern District of Illinois approved a $1.1 million settlement with TikTok Inc.
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 much money do you make per 1000 views on TikTok?
Views count towards the total engagement rate of a video, the more engagement like likes and comments you get, the more money you can earn. TikTok pays around 2 to 4 cents per 1,000 views to the members of the Creator Fund.
How do you turn TikTok gifts into cash?
TikTok Gifts Once you've collected your gifts, you can trade the virtual icons for virtual diamonds. You can then use the diamonds to collect real money using PayPal or another secure payment method. A gift is purchased within the TikTok app using coins.
How much money do you get from 1 million likes on TikTok?
What does TikTok pay for 100K views? People with 100,000 followers usually make $200–$1,000 per month. Similarly, TikTokers with one million followers can earn up to $5,000 monthly.
What is the lawsuit against TikTok?
alleging that the company violated federal and state laws after they “collected and used” personal data “without sufficient notice and consent” to TikTok or Musical.ly users, according to court documents.
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.
How can I claim money on TikTok's privacy settlement?
If you were a TikTok user before October 1, 2021, and live in the US, you might be entitled to a share of a $92million class-action settlement.
How much will you get if you submit a claim?
Although ByteDance – TikTok’s parent company – is expected to pay a sizable settlement, individuals are unlikely to get too much.
That TikTok notification about a settlement payment isn't a scam. Here's what to know
If you’ve used TikTok — or its predecessor Musical.ly — before Oct. 1, you may be eligible for compensation as part of a $92 million settlement against the app.
What is this lawsuit?
The settlement is the result of an amalgamation of 21 lawsuits, many of which were filed on behalf of minors.
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 much might I expect to get?
has an estimated 130 million TikTok users; if every one of them successfully applied for a claim, that would amount to about 70 cents per person — before legal fees are taken out of the payout. The total each person gets is ultimately dependent on how many people actually submit a claim.
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.
