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Market Chatter: Meta Questions FTC Authority to Toughen Privacy Order
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Market Chatter: Meta Questions FTC Authority to Toughen Privacy Order
Nov 12, 2024 8:53 PM

01:03 PM EST, 11/12/2024 (MT Newswires) -- A Meta Platforms ( META ) lawyer told the Federal Trade Commission at a hearing Tuesday that it lacks the authority to modify a 2020 privacy settlement with the company, Bloomberg reported Tuesday.

The FTC alleged last year that Meta violated the terms of the settlement, and it sought to open a new case to also ban its use of facial recognition tools and monetization of children's data, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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