TECH - Mark Zuckerberg's Meta Draws Line Against FTC's Planned Privacy Accord Update Cites Compliance Efforts | Benzinga
Meta Platforms Inc. (NASDAQ:META) has opposed the U.S. Federal Trade Commission’s (FTC) proposal to modify a 2020 privacy agreement. The company has justified its stance by highlighting its voluntary disclosure of technical glitches in the Messenger Kids app.
What Happened: In a fling on Thursday, Meta, Facebook’s parent company, contested the FTC’s move to revise the 2020 privacy settlement. The company noted that it had voluntarily disclosed two technical errors in the Messenger Kids app to the FTC in July 2019, reported Reuters.
The Mark Zuckerberg-led company also stated that it had invested $5.5 billion in its privacy program and related initiatives.
The 2020 settlement, under scrutiny, includes a ban on profiting from minors’ data and an expansion of restrictions on facial recognition technology. The FTC ...