TikTok Faces Hefty EU Fine

TikTok is reportedly facing a substantial fine of over €500 million imposed by the European Union. The fine is a result of alleged data transfers to China, according to Bloomberg News. This significant penalty highlights ongoing concerns over data privacy and cross-border data handling practices.

TikTok, the popular social media platform, is confronting a significant financial penalty reportedly exceeding €500 million from the European Union.

The fine stems from allegations that TikTok transferred user data to China, raising serious data privacy concerns.

This move underscores the EU's stance on stringent data protection regulations and cross-border data handling standards.

(With inputs from agencies.)