European regulators slapped TikTok with a USD 368 million fine on Friday for failing to protect children’s privacy, the first time that the popular short video-sharing app has been punished for breaching Europe’s strict data privacy rules.European regulators slapped TikTok with a USD 368 million fine on Friday for failing to protect children’s privacy, the first time that the popular short video-sharing app has been punished for breaching Europe’s strict data privacy rules.