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Hosted on MSN9mon
FTC report reveals social media apps are exactly as bad for privacy as you think they are - MSN
A new FTC report highlights how social media and video streaming giants harvest 'vast' amounts of user data to fuel a multi-billion dollar targeted advertising industry. Some companies fail to ...
TechCrunch9mon
FTC report on predatory social media data hoarding hints at future regulations - TechCrunch
A new FTC report on how social media and streaming sites collect and monetize their hoards of user data doesn’t really feature a lot of surprises for anyone who’s followed the space.
Government Technology3y
FTC Report: Social Media Scams Are Becoming More Common
Social media scams have rocketed over the past half decade as back in 2017 there were 5,000 people who reported social media scams to the FTC, with losses totaling $42 million.
Media Matters sues FTC, says agency is retaliating on behalf of Elon Musk
"The investigation is the latest effort by Elon Musk and his allies in the Trump administration to retaliate against Media ...
New York Post9mon
Social media users lack control over data used by AI: FTC
Social media companies collect, share and process vast troves of information about their users while offering little transparency or control, the FTC said. Data privacy, particularly for kids and ...
The Baltimore Sun9mon
FTC reports surveillance by social media, streaming services - Baltimore Sun
The FTC in 2020 requested personal data from nine major streaming and social services, such as Amazon, ByteDance and YouTube. Findings revealed a concerning trend of data monitoring by these ...
TechCrunch3y
FTC: US consumers lost $770 million in social media scams in 2021, up 18x from 2017 - TechCrunch
The FTC said that investment, romance and e-commerce scams, combined, accounted for 70% of social media scams in 2021, but there were other types of fraud also associated with social platforms.
Gizmodo3y
FTC Says Social Media Was a ‘Gold Mine’ for Scammers in 2021, Leading to $770 Million in Losses - Gizmodo
Overall, the FTC’s data shows social media earned scammers more money in 2021 than any other method of reaching people. There’s a lot for scammers to like about social media, the agency stated.
Reason4mon
The FTC has no business trying to make sure social media are 'fair' - Reason.com
The challenge of making sure that social media are "fair and balanced" is illustrated by a 2004 FTC complaint against Fox News. Two left-leaning advocacy groups claimed the news outlet's use of ...
CBS News3y
You probably know someone who has lost money in a social media scam
In 2021, people between the ages of 18 and 39 were more than twice as likely as older adults to report having money in a social media scam, according to the FTC. Social media platforms give ...
Yahoo9mon
FTC report on predatory social media data hoarding hints at future regulations
A new FTC report on how social media and streaming sites collect and monetize their hoards of user data doesn't really feature a lot of surprises for anyone who's followed the space. The report ...