The FTC has proposed banning Meta from monetizing children's data, saying that the company's privacy program has several weaknesses.
Facebook agreed to an audit from FTC after a 2020 court settlement.
- The proposed settlement also requires Meta to delete any data it has collected from children under the age of 13 without parental consent.
- The FTC claims that Meta's subsidiaries, such as Instagram and Messenger Kids, have violated the Children's Online Privacy Protection Act.
- This proposed settlement is the latest move by the FTC to hold big tech companies accountable for their data collection practices, particularly regarding children's data.
- If approved, the settlement could have significant implications for how tech companies handle children's data and potentially lead to more strict regulations in the future.