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The speaker shares their experience of reading TikTok's terms of service, leading them to discover concerning details about the platform's data collection practices. TikTok gathers extensive information about the user's device, including IP address, user agent, mobile carrier, device model, screen resolution, operating system, app names, file names, and even keystroke patterns. This revelation highlights the significant privacy risks associated with using TikTok and raises questions about the platform's data security and user privacy protection.