FTC Report Criticizes Social Media Companies for Data Collection Practices

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 34 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 66%

Technology News

Social Media,Data Privacy,FTC

The U.S. Federal Trade Commission (FTC) released a report on Thursday criticizing social media companies for their extensive data collection practices, lack of transparency, and inadequate data management policies. The report analyzed the practices of Meta Platforms, TikTok, Twitch, and other platforms, concluding that many companies failed to adequately protect user privacy and control over their data.

Social media companies collect, share and process vast troves of information about their users while offering little transparency or control, including over how it is used by systems incorporating artificial intelligence, the U.S. Federal Trade Commission said in a report released on Thursday.

Discord, a communications platform, said the report lumps very different business models into one category, and that it did not offer advertising at the time the study was conducted.Social media companies gather data through tracking technologies used in online advertising and buying information from data brokers, and other means, the FTC said.

Meanwhile, Big Tech companies have been scrambling to acquire sources of data to train their emerging artificial-intelligence technologies. The data deals are infrequently disclosed and often involve private content locked behind paywalls and login screens, with scant or no notice to the users who posted it.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Super Micro stock plunges after company delays annual report following short-seller reportSuper Micro stock plunged early Wednesday after the company announced it would delay filing its annual report.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Super Micro stock plunges 19% after company delays annual report following short-seller reportSuper Micro stock plunged Wednesday after the company announced it would delay filing its annual report.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Business world takes the fight to FTC on noncompete ban and antitrust tribunalsThe Federal Trade Commission has been flexing its muscles, and now companies are fighting back.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »