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VisitVenezuela Fines TikTok $10 Million, Orders Office Setup Over Viral Challenges That Killed Three Children
Dec 30, 2024, 10:33 PM
Venezuela's Supreme Court has imposed a $10 million fine on TikTok for failing to implement measures to prevent viral video challenges that have allegedly led to the deaths of three children due to the ingestion or inhalation of chemical substances. The court also ordered TikTok to establish an office in Venezuela to ensure compliance with local laws. The fine must be paid within eight days, or further sanctions may be imposed. The money from the fine will be used to create a fund for victims of these challenges, particularly aimed at compensating for psychological, emotional, and physical damages to children and adolescents.
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Markets
No • 50%
Yes • 50%
Official announcements from TikTok or Venezuelan government
Yes • 50%
No • 50%
Official statements from Venezuela's Supreme Court or TikTok
No • 50%
Yes • 50%
Official announcements or legal documents from Venezuela's government or Supreme Court
No fund established • 25%
Funds diverted for other uses • 25%
Fund fully established and operational • 25%
Fund partially established • 25%
Venezuelan government reports or media coverage
Negative opinion on non-compliance • 25%
Positive opinion on compliance • 25%
Indifferent or unaware • 25%
Neutral opinion • 25%
Polls or surveys conducted by reputable organizations within Venezuela
Neither pays fine nor sets up office • 25%
Pays fine and sets up office • 25%
Pays fine but no office setup • 25%
Does not pay fine but sets up office • 25%
Official announcements from TikTok or Venezuelan government