The FTC report emphasizes that major data collection practices by social media and streaming services not only fail to protect user privacy but also leave vulnerable groups, especially children and teens, at risk.
The findings indicated that many companies maintain vast amounts of data, and their practices surrounding data collection and user retention were described as 'woefully inadequate.' Such failures expose users to privacy risks.
Targeted advertising, a chief revenue source for these companies, relies heavily on the mass collection of personal data, highlighting a business model that prioritizes monetization over user privacy and protection.
The report raised alarms over the sharing of user data among companies, citing concerns about the efficacy of data handling controls and the potential for misuse of information.
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