TikTok, US Nearing Possible $400 Million Settlement, ABC Reports

May 8, 2026, 5:33 PM UTC

The Trump administration is nearing an agreement with TikTok for a $400 million settlement to resolve a lawsuit over alleged child privacy violations, ABC News reports, citing sources familiar with the discussions.

  • US and TikTok are finalizing terms of the settlement, which still must be approved by a vote from TikTok’s board, ABC says
    • Board vote expected as soon as Friday: ABC
  • Settlement would fund President Trump’s “beautification” projects for Washington, ABC says

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