Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 128

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 128
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 regulations could
harm Triller’s ability to successfully operate Triller’s business and pursue Triller’s business goals. For example,
the CCPA, among other things, requires covered companies to provide disclosures to California consumers and afford such consumers the
ability to opt-out of sales of personal data.

Additionally, broad consumer privacy laws have been enacted in a number
of states including California. Colorado, Connecticut, Iowa, Utah and Virginia. For example, In April 2024, President Biden signed the
bill mandating the ban or sale of TikTok, which passed both the House and Senate with strong support as the government moved to ban the
app over national security concerns. Despite TikTok's efforts, including lawsuits and appeals, the U.S. Court of Appeals upheld the ban,
and the Supreme Court scheduled a review for January 2025. It is not yet fully clear how these laws will be enforced and how certain of
their requirements will be interpreted. The effects of these laws are potentially significant and may require Triller to modify Triller’s
data collection or processing practices and policies and to incur substantial costs and expenses in an effort to comply and increase Triller’s
potential exposure to regulatory enforcement and/or litigation.

The CCPA has prompted
a number of proposals for new federal and state-level privacy legislation. Such proposed legislation, if enacted, may add additional complexity,
variation in requirements, restrictions and potential legal risk, require additional investment of resources in compliance programs, impact
strategies and the availability of previously useful data and could result in increased compliance costs and/or changes in business practices
and policies. At the federal level, there is a significant and potentially transformative bipartisan bill being debated.

Other federal and state
laws restrict the use and protect the privacy and security of personally identifiable information. For example, according to the FTC,
failing to take appropriate steps to keep consumers’ personal information secure constitutes unfair acts or practices in or affecting
commerce in violation of Section 5(a) of the Federal Trade Commission Act, 15 U.S.C. § 45(a). The FTC expects a company’s data
security measures to be reasonable and appropriate in light of the sensitivity and volume of consumer information it holds, the size and
complexity of its business and the cost of available tools to improve security and reduce vulnerabilities. In recent years, the FTC has
paid increased attention to privacy and data security matters, and Triller expects them to continue to do so in the future.

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