TikTok Faces Investigation That Could Lead to $24 Million Fine

A new investigation has been launched into popular social media platform TikTok. Authorities are scrutinizing the company's practices regarding data privacy and child safety. As a result of the investigation, TikTok may face a fine of up to $24 million. The investigation is reportedly based on allegations that the platform violated its obligations to protect the data of its young users. Findings suggest that TikTok collected user data without consent and shared this data with third parties. Company officials have denied the allegations but stated they will cooperate during the investigation process. TikTok has previously faced similar accusations and paid fines in various countries. Experts note that such regulatory pressure could lead technology companies to reassess their data management policies. The outcome of the investigation may set a precedent for other platforms in the industry. This is not investment advice.

📊 GOOGL — Piyasa Yorumu

■ neutral · 60%

The news points to an investigation into TikTok, but it is not expected to have a direct impact on GOOGL. Technical indicators show a strong uptrend: RSI at 65 is not approaching overbought territory, MACD is above the signal line, and the price is well above SMA20 and SMA50. The 4.4% increase in the last 24 hours and high volume suggest that momentum could continue in the short term. However, the uncertainty of the news and potential regulatory concerns limit the upside outlook. Therefore, a sideways or slightly upward movement is expected in the near term.

RSI 14

65.7

MACD

3.93

24h Δ

4.44%

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