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The Federal Trade Commission is issuing orders to nine social media and video streaming companies, requiring them to provide data on how they collect, use, and present personal information, their advertising and user engagement practices, and how their practices affect children and teens.
The FTC is issuing the orders under Section 6(b) of the FTC Act, which authorizes the Commission to conduct wide-ranging studies that do not have a specific law enforcement purpose. The orders are being sent to Amazon.com, Inc., ByteDance Ltd., which operates the short video service TikTok, Discord Inc., Facebook, Inc., Reddit, Inc., Snap Inc., Twitter, Inc., WhatsApp Inc., and YouTube LLC. The companies will have 45 days from the date they received the order to respond.
The FTC is seeking information specifically related to:
-how social media and video streaming services collect, use, track, estimate, or derive personal and demographic information;
-how they determine which ads and other content are shown to consumers;
-whether they apply algorithms or data analytics to personal information;
-how they measure, promote, and research user engagement; and
-how their practices affect children and teens.
12. For each Social Media and Video Streaming Service identified in response to
Specification 5, submit all Documents Relating to the Company’s or any other Person’s
strategies or plans, Including, but not limited to:
a) business strategies or plans;
b) short-term and long-range strategies and objectives;
c) expansion or retrenchment strategies or plans;
d) research and development efforts;
e) sales and marketing strategies or plans, Including, but not limited to, strategies or
plans to expand the Company’s customer base or increase sales and marketing to
particular customer segments (e.g., a user demographic);
f) strategies or plans to reduce costs, improve products or services (e.g., expanding
features or functionality), or otherwise become more competitive;
g) plans to enter into or exit from the sale or provision of any Relevant Product or other
product or service;
h) presentations to management committees, executive committees, and boards of directors and
i) budgets and financial projections. For regularly prepared budgets and financial
projections, the Company need only submit one copy of final year-end Documents
for prior years, and cumulative year-to-date Documents for the current year.
originally posted by: operation mindcrime
a reply to: projectvxn
Without knowing you personally, I have no doubt you are a man of honor. This emanates from every single post and I love reading your opinions.
But I never understand this notion that one can remain in charge of his/her own data while sharing it with the whole world...
Companies need to make money, they need to know who you are and what they can sell you.
If you provide it for free, you can't really blame them for using it.
Peace
originally posted by: operation mindcrime
a reply to: projectvxn
Without knowing you personally, I have no doubt you are a man of honor. This emanates from every single post and I love reading your opinions.
But I never understand this notion that one can remain in charge of his/her own data while sharing it with the whole world...
Companies need to make money, they need to know who you are and what they can sell you.
If you provide it for free, you can't really blame them for using it.
Peace
originally posted by: ketsuko
a reply to: projectvxn
Thing that ticks me off is that when I would go to work and do research there, I'd come home and get adds related to what I would research there meaning they had my office space linked with home.