TikTok settled the class-action lawsuit alleging that its popular entertainment app had violated privacy rights of users. The lawsuit alleged that TikTok and its Chinese parent company, ByteDance, “violated federal and state law by collecting and using, without sufficient notice and consent, Plaintiffs’ personal data in connection with their use of the TikTok – Make Your Day video-sharing application (and/or its predecessor app Musical.ly) distributed in the U.S.” Both sides have been critical of TikTok, claiming that TikTok obtained the personal information of American users at the request of the Communist Chinese government. Ashton Kutcher, actor recently cautioned parents about…