Meta Challenges FTC's Authority to Regulate Facebook's Profits from Children's Data

Meta, formerly known as Facebook, has filed a lawsuit against the Federal Trade Commission (FTC), arguing that the agency lacks the constitutional authority to modify a 2020 settlement over the company's alleged lack of privacy protections for children. The FTC had proposed cutting off Meta's ability to monetize data from users under 18 years old. Meta has accused the FTC of exceeding its powers and infringing on its property rights. The company claims to have invested billions of dollars in implementing changes required by the 2020 settlement and views the FTC's actions as a "power grab." The outcome of the lawsuit could impact Meta's ability to profit from children's data and use facial recognition technology.