The Attorney General of Iowa has initiated a lawsuit against the widely popular video-sharing social media app TikTok, accusing the platform of misleading parents regarding the extent of inappropriate content accessible to young users. What Happened: The lawsuit was lodged by Attorney General Brenna Bird in a state court in Polk County on Wednesday. The suit is directed against both TikTok and its Chinese parent company, ByteDance, alleging that they understated the amount of content on their platform that features drugs, nudity, alcohol, and profanity, reported Reuters. “TikTok has kept paren…