The Commission has issued a statement regarding its referral of a complaint against TikTok, the successor to Musical.ly, and its parent company ByteDance Ltd., to the Department of Justice. The Commission vote authorizing the issuance of the statement was 3-0-2, with Commissioners Ferguson and Holyoak recused.
The Federal Trade Commission (FTC) works to promote competition and protect and educate consumers. "The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize." Consumers can learn more about various topics at consumer.ftc.gov or report fraud, scams, and bad business practices at ReportFraud.ftc.gov. Additionally, individuals are encouraged to follow the FTC on social media for updates, read consumer alerts and business blogs, and sign up for the latest FTC news and alerts.