Meta, formerly known as Facebook, is resisting the attempts made by the US Federal Trade Commission (FTC) to modify a privacy settlement reached in 2020. The social media giant is pushing back against the proposed amendments put forth by the regulatory body.
The 2020 settlement was a result of the FTC's investigation into Facebook's privacy practices. As part of the agreement, Facebook agreed to pay a record-breaking $5 billion fine and implement new privacy measures to address concerns raised by the FTC.
Now, the FTC is seeking to amend the settlement to impose stricter requirements on Meta regarding how it handles user data and privacy. Meta, however, is challenging these proposed changes, arguing that it has already made significant investments in improving its privacy practices since the initial settlement.
Meta's resistance to the FTC's bid comes amidst growing scrutiny over the company's data handling practices and its impact on user privacy. The tech giant has faced criticism and regulatory scrutiny globally over issues related to data privacy, misinformation, and antitrust concerns.
Despite Meta's efforts to push back against the proposed amendments, the final decision rests with the FTC. The regulatory body will have to evaluate Meta's arguments and determine whether the proposed changes are necessary to ensure compliance with privacy regulations and protect user data.
As the debate between Meta and the FTC continues, the outcome of this dispute will have significant implications for the future of data privacy regulation and oversight in the tech industry.
