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China tells companies to increase checks on auditors

The US Federal Trade Commission is seeking to ban Meta, the parent company of Facebook and Instagram, from monetising children’s data and further limit its use of facial recognition technology.

The FTC’s proposal on Wednesday called for a blanket prohibition on Meta’s ability to commercialise data it collects from users aged 18 and under, including via virtual-reality products. It comes in response to what the FTC alleged were violations of an order issued in 2020 in the wake of the Cambridge Analytica data scandal.

“The company’s recklessness has put young users at risk and Facebook needs to answer for its failures,” Samuel Levine, director of the FTC’s bureau of consumer protection, said.

Read more about the FTC proposal here.

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