Meta Platforms has been accused by the Federal Trade Commission of violating privacy promises made to US regulators. As a consequence, there is a possibility that the government may impose a ban on the launch of new social-media products unless an independent review is conducted.
Meta, the parent company of Facebook, has been subject to an FTC order for over 10 years. In 2019, it paid a $5 billion fine for privacy violations and entered into a new settlement that increased the board’s responsibility to protect user data.
Read more: Snap Ordered To Hand Over Emails In Meta FTC Antitrust Case
“The company’s recklessness has put young users at risk, and Facebook needs to answer for its failures,” said Samuel Levine, director of the FTC’s Bureau of Consumer Protection, in a news release.
As per the 2020 order, an independent third-party assessor was appointed to assess Meta’s compliance with privacy regulations. This includes conducting privacy reviews for new products and placing restrictions on the usage of facial recognition data and phone numbers.
The assessor provided the FTC with a report that revealed various shortcomings and violations. The Commission acknowledged that these deficiencies pose significant risks to the public.
Facebook made a commitment in 2018 to revoke app developers’ access to users’ data if they had not used the app in 90 days. However, according to the FTC, this did not occur, and some data was still accessible in 2020.
Featured News
Turkey Hits Meta with $37.20 Million Fine Over Data-Sharing Practices
May 8, 2024 by
CPI
Google Seeks Dismissal of UK Suit Over Alleged Anti-Competitive Practices
May 8, 2024 by
CPI
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI