The Federal Trade Commission reviewed nine major services, including Amazon, YouTube and ByteDance, the parent company of TikTok.
A report released by the Federal Trade Commission Thursday revealed a widespread practice of user surveillance by social media platforms and streaming services .
“The Status Quo Is Unacceptable,” report authors wrote. “The amount of data collected by large tech companies is simply staggering." These companies, the report reads, are incentivized to gather “troves” of user data to drive advertising revenue. This abuse of data can fuel a service or platform’s rise to “market dominance,” allowing it to continue collecting such information seemingly unchecked.
Legislation and regulation are badly needed,” the report reads. “It is clear that when it comes to ensuring these firms’ AI systems do not result in unlawful discrimination, error, addiction, and other harms, self-regulation is failing.”
FTC Social Media Streaming Services Data Collection Privacy Legislation AI Regulation User Privacy
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