TikTok under FTC investigation over data, security practices

The company is already fighting against a federal bill that could ban the social platform in the U.S. if it doesn't break ties with its parent company, ByteDance. WASHINGTON — The Federal Trade Commission is investigating TikTok over its data and security practices, a probe that could lead to a settlement or a lawsuit against the company, according to a person familiar with the matter. The investigation is the latest battle in Washington for the social media company, which is already fighting against a federal bill that could ban the platform in the U.S. if it doesn't break ties with…