- The U.S. Federal Trade Commission is increasingly seeking to protect the online privacy rights of consumers
- The FTC recently sued data broker Kochava for brokering the geolocation details of millions of consumers
- Texas Attorney General Ken Paxton has filed suit against Google for allegedly collecting customer information without consent
- Reklaim enables users to reclaim their data – providing the option to delete it or monetize it
A poll conducted during the summer of 2021 showed that 13 percent of UK teens and 6 percent of American teens linked Instagram usage to suicidal thoughts. Even more surprising is the fact that the social media platform was seemingly privy to that knowledge all along. The extent to which Instagram parent company Meta (NASDAQ: META) allegedly knew about the harmful effects of its products and withheld that information from the public caused Senator Richard Blumenthal (D-CT) to compare the company’s tactics to those of tobacco companies in years past (https://ibn.fm/tPQr2).
The allegations have also sparked a spate of legislation, with a number of senators recently approaching the Federal Trade Commission (“FTC”) to update the Children’s Online Privacy Protection Act in a move intended to oblige social media platforms to protect the confidentiality, security and integrity of…
NOTE TO INVESTORS: The latest news and updates relating to MYIDF are available in the company’s newsroom at https://ibn.fm/MYIDF
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