FTC Orderes ByteDance, What Largest Social Media Company Doing With User Data

FTC orderes ByteDance, What Largest social media company doing with user data

by Alex Noah — 3 years ago in Security 2 min. read

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The FTC is ordering the firms behind lots of the greatest social and movie platforms to describe how they utilize the treasure troves of information they harvest from consumers.

Amazon, TikTok proprietor ByteDance, Facebook, WhatsApp, Discord, Reddit, Snap, Twitter and YouTube were sent the purchase, with a deadline set 45 days from today.

The FTC’s focus is on how these firms “gather, use, and current personal information, their advertisements and consumer participation practices, and how their practices affect children and teens.” Four of the FTC’s commissioners voted in favor of this order, together with Commissioner Noah Joshua Phillips dissenting.

“Despite their fundamental role in our everyday lives, the conclusions which notable online platforms make seeing customers and consumer information remain shrouded in secrecy,” Commissioners Rohit Chopra, Rebecca Kelly Slaughter and Christine S. Wilson stated in a joint announcement.
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“… Policymakers and the people are in the dark about exactly what social video and media streaming solutions do to catch and market users’ attention and data. It’s alarming that people still understand so little about businesses that know a lot about people.”

The FTC’s new fact-finding assignment is the hottest national action to place technology in its crosshairs, after last week’s news that the bureau would sue Facebook over antitrust violations.

The new arrangement was issued under Section 6(b) of the FTC Act as research of technology business practices. It’s not coupled with any law enforcement actions, but it does not preclude the agency from pursuing authorities choices with what it finds.
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A year ago the FTC flagged a more profound interest in tech, especially on antitrust issues. The agency dispatched a reason fabricated tech team to screen acquisitions and other potential rivalry pounding conduct that raises warnings.

In mid 2020, the FTC dispatched a broad separate examination analyzing almost 10 years of acquisitions made by Alphabet, Amazon, Apple, Facebook and Microsoft.