financetom
Business
financetom
/
Business
/
Meta pushes back on US FTC's bid to amend 2020 privacy settlement
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Meta pushes back on US FTC's bid to amend 2020 privacy settlement
Apr 4, 2024 9:11 PM

By Granth Vanaik

April 4 (Reuters) - Meta Platforms ( META ) has rebuffed

an attempt by the U.S. Federal Trade Commission to amend a 2020

privacy settlement, noting that it had voluntarily disclosed two

technical errors related to its Messenger Kids app to the

agency.

Meta disclosed the bugs in July 2019, the Facebook-parent

said in a filing on Thursday, adding it had spent $5.5 billion

on its privacy program and related privacy initiatives.

The FTC did not immediately respond to a Reuters request for

comment.

In question is an existing 2020 Facebook privacy settlement

to ban profiting from minors' data and expand curbs on facial

recognition technology. The FTC has said it wants to tighten the

settlement.

The agency has accused Meta of misleading parents about

protections for children.

In March, a U.S. appeals court ruled that the

Instagram-owner cannot stop the FTC from reopening a probe into

its Facebook unit's privacy practices for now, despite Meta's

objections that it already paid a $5 billion fine and agreed to

a range of safeguards.

Meta, which has denied misleading parents about privacy

risks, sued the FTC in November in a broad constitutional

challenge against the agency's ability to be both an

investigative body and an adjudicative one.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Chewy Insider Sold Shares Worth $2,540,594, According to a Recent SEC Filing
Chewy Insider Sold Shares Worth $2,540,594, According to a Recent SEC Filing
Mar 10, 2025
04:21 PM EDT, 03/10/2025 (MT Newswires) -- Satish Mehta, Chief Technology Officer, on March 06, 2025, sold 71,365 shares in Chewy (CHWY) for $2,540,594. Following the Form 4 filing with the SEC, Mehta has control over a total of 486,626 Class A common shares of the company, with 486,626 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1766502/000112760225008863/xslF345X05/form4.xml ...
Illumina lowers outlook due to China sales ban, to cut $100 million in costs
Illumina lowers outlook due to China sales ban, to cut $100 million in costs
Mar 10, 2025
March 10 (Reuters) - Illumina ( ILMN ) on Monday lowered its annual forecast and said it plans to cut $100 million in spending after China announced a ban on imports of its genetic sequencing instruments. The company said it now expects 2025 adjusted profit of about $4.50 per share, compared to its previous expectation of $4.50 to $4.65 per...
Illumina lowers outlook due to China sales ban, to cut $100 million in costs
Illumina lowers outlook due to China sales ban, to cut $100 million in costs
Mar 10, 2025
(Reuters) -Illumina ( ILMN ) on Monday lowered its annual forecast and said it plans to cut $100 million in spending after China announced a ban on imports of its genetic sequencing instruments. The company said it now expects 2025 adjusted profit of about $4.50 per share, compared to its previous expectation of $4.50 to $4.65 per share. The company...
Tyler Technologies Insider Sold Shares Worth $3,713,978, According to a Recent SEC Filing
Tyler Technologies Insider Sold Shares Worth $3,713,978, According to a Recent SEC Filing
Mar 10, 2025
04:21 PM EDT, 03/10/2025 (MT Newswires) -- John S Marr Jr, Director, Executive Chair of the Board, on March 06, 2025, sold 6,000 shares in Tyler Technologies ( TYL ) for $3,713,978. Following the Form 4 filing with the SEC, Marr has control over a total of 23,871 common shares of the company, with 6,983 shares held directly and 16,888...
Copyright 2023-2026 - www.financetom.com All Rights Reserved