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Photo by Thomas Trutschel/Photothek via Getty Images

TikTok, a short-form video app owned by Chinese tech giant Bytedance, has agreed to a $5.7 million settlement with the U.S. Federal Trade Commission for illegally collecting personal data from children.

Why it matters: It's the largest settlement from a violation of The Children's Online Privacy Protection Act (COPPA) in the law's 20+ year history. While $5.7 million may seem small, it's significantly larger than the next biggest COPPA violation, which resulted in a $3 million settlement by Disney-owned social games studio Playdom in 2011.

Details: The complaint, filed to the FTC by the U.S. Justice Department, alleges that Musical.ly (a karaoke app that was acquired and integrated by TikTok's parent company in 2017) obtained the personal information of children under 13 years old without consent.

  • "This ruling underscores what we have long known: Companies like TikTok do not consider children’s personal information out of bounds," said Sen. Ed Markey (D-Mass.), an author of COPPA. "This fine may be an historic high for a COPPA violation, but it is not high enough for the harm that is done to children."
  • In response to the settlement, TikTok said it updated its app to include additional safety and privacy protections designed specifically for younger U.S. users.

Be smart: TikTok has built a mobile empire and is beginning to compete with the likes of Facebook for the attention of young users.

  • A new report from Digiday finds that TikTok's U.S. user base has grown to 26.5
    million monthly active users, who on average open the app 8 times for a total of 46 minutes per day.
  • New figures from data insights firm SensorTower suggest that TikTok has surpassed 1 billion downloads on iOS and Android.

Our thought bubble: While conversations around children's privacy have increased over the past year alongside the national privacy debate, this case will certainly draw even more attention to the way tech giants mine data through apps targeted to kids.

Go deeper

Business travel might be going out of style

Illustration: Annelise Capossela/Axios

Companies have made it a year and a half mostly without traveling for work — and now more and more of them are considering dramatically reducing business travel to slash costs and cut carbon emissions.

Why it matters: Business travel is a massive part of the global economy — with trillions of dollars and millions of jobs at airlines, hotels and travel agencies hinging on its return.

Local Florida leaders eye ways to take on DeSantis' anti-mask stance

Photo: Joe Raedle/Getty Images

With Florida at the forefront of the nation's COVID surge, local governments across Tampa Bay are wondering if — or how — they can subvert Gov. Ron DeSantis' administration to do something to slow the spread.

Why it matters: A day after Florida broke its record for daily cases, it did the same for the total number of COVID hospitalizations — set way back in July 2020, per the AP.

Updated 1 hour ago - Sports

Olympics dashboard

Simone BIles competing on the balance beam. Photo: Jamie Squire/Getty Images

🥉: Simone Biles wins bronze in individual balance beam final, her last event

🪧: Raven Saunders says U.S. athletes planned "X" protests "for weeks"

🇺🇸: Former dancer Valarie Allman wins U.S. 1st Olympic track and field gold

🏅: Norwegian gold medalist, U.S. silver medalist smash men's 400m hurdles world record

🏋️‍♀️: Transgender weightlifter Laurel Hubbard: "It gets better"

📷: In photos: Tokyo Olympics day 11 highlights

🏳️‍⚧️: Axios at the Olympics: Games grapple with trans athletesTrans athletes see the Tokyo Games as a watershed moment

Go deeper: Full Axios coverage