The report lays out how social media and video streaming companies harvest an enormous amount of Americans' personal data and monetize it to the tune of billions of dollars a year, said FTC Chair Lina M. Khan. These revelations confirm longstanding suspicions about user privacy risks, especially concerning children, due to inadequate protections surrounding data collection practices and transparency.
'While lucrative for the companies, these surveillance practices can endanger people's privacy, threaten their freedoms, and expose them to a host of harms,' Khan emphasized, illustrating the dire consequences of excessive personal data gathering by tech giants. This ensures a critical dialogue around the ethical responsibilities of social media platforms in managing user information.
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