"The report finds that these companies engaged in mass data collection of their users and—in some cases—nonusers," Bureau of Consumer Protection Director Samuel Levine said in the paper. "It reveals that many companies failed to implement adequate safeguards against privacy risks. It sheds light on how companies used our personal data, from serving hypergranular targeted advertisements to powering algorithms that shape the content we see, often with the goal of keeping us hooked on using the service."
The publication "also finds that these practices pose unique risks to children and teens, with the companies having done little to respond effectively to the documented concerns that policymakers, psychologists, and parents have expressed over young people's physical and mental well-being."
FTC Chair Lina Khan said in a statement that "the report lays out how social media and video streaming companies harvest an enormous amount of Americans' personal data and monetize it to the detriment of consumers, especially the youth, who are particularly vulnerable to these practices."
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