Just having fun, right?
Well, lawsuits against TikTok claim that the video-sharing social app collected faceprints from users without their consent.
The collection of data was allegedly used to recommend content and users to follow.
Some suits claim that the information was gathered from draft videos never publicly shared.
TikTok denies the allegations but has agreed to a $92 million payout to settle the claim.
As of September 2021, TikTok has 1 billion users worldwide.
Claim Deadline Coming Fast
What does this mean for you?
Youve only got until March 1, 2022 tofile your claim.
No Interest Til Almost 2027?
Thats because Illinois is the only state which allows users to sue companies due to biometric privacy laws.
How Much Might TikTok Pay You?
Thus, class members will receive a proportionate share of the remainder, one share per claim.
Illinois residents can receive six shares per claim.
As the percentage of claims drops, the value of each share rises.
If the court approves the deal, payments will be made through PayPal, Venmo or prepaid Mastercards.
What Are the Claims Against TikTok?
The suits alleged that some personal data was mined from draft videos that were never shared.
Under the settlement, TikTok will delete certain user data collected through biometric technology.
Kent McDill is a veteran journalist who has specialized in personal finance topics since 2013.
He is a contributor to The Penny Hoarder.
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