European regulators have fined popular short video-sharing app TikTok $368 million for failing to protect children’s privacy, marking the first time the platform has been penalized for breaching Europe’s data privacy rules. The investigation found that TikTok’s sign-up process for teen users made their accounts public by default, posing risks to both teens and children under 13. TikTok disagrees with the decision and claims to have made significant changes to address these issues before the investigation. The Irish regulator is also conducting a separate investigation into TikTok’s compliance with EU data protection regulations.