


BUSINESS BRIEFING
EU places $600M penalty on TikTok
LONDON — A European Union privacy watchdog fined TikTok $600 million Friday after a four-year investigation found that the video sharing app’s data transfers to China put users at risk of spying, in breach of strict EU data privacy rules.
Ireland’s Data Protection Commission also sanctioned TikTok for not being transparent with users about where their personal data was being sent and ordered the company to comply with the rules within six months.
The Irish national watchdog serves as TikTok’s lead data privacy regulator in the 27-nation EU because the company’s European headquarters is based in Dublin.
TikTok, whose parent company Byte-Dance is based in China, said it plans to appeal the decision. — Associated Press