FTC Proposes Ban on Meta and Facebook Monetizing Youth Data

The Federal Trade Commission (FTC) has accused Facebook-parent Meta of violating its $5 billion privacy settlement and has proposed toughening up restrictions on the company. The FTC has called for Meta to be banned from monetizing data it collects from younger users and from releasing any new features or products until a third-party auditor determines the company’s privacy policies do enough to protect users. The FTC also alleged that Meta had misled the public about its compliance with the historic settlement that resolved allegations surrounding the Cambridge Analytica data fiasco, as well as prior agreements with the agency.