The Federal Trade Commission has released findings from its investigation into how nine big tech companies collect and use data.
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The Federal Trade Commission (FTC) released findings today from its year-long study of how nine major technology companies collect and use data. The report provides new insights into how these companies obtain consumers’ personal data, what they do with it and what controls consumers have over their personal information.
“The digital economy relies on personal data to fuel growth and innovation, but consumers must be able to trust that their data will be collected and used responsibly,” said FTC Chairman Joe Simons. “This report provides a detailed look at how nine major tech companies collect and use consumer data, and we hope it will foster continued public dialogue on these important issues.”
The report is the product of the FTC’s first-ever comprehensive study of how selected technology companies collect and use consumer data. The FTC conducted the study in response to concerns raised by members of Congress, consumer advocates and others about the potential for misuse of consumers’ personal information.
The FTC studied nine companies: Amazon.com, Inc.; Apple Inc.; AT&T Mobility LLC; Google LLC; Microsoft Corporation; Oath Inc.; Verizon Communications Inc.; Airbnb, Inc.; and YouTube LLC. All of the companies studied are significant participants in the digital economy, with many collecting vast amounts of consumers’ personal data.
What the FTC found
A new report from the Federal Trade Commission (FTC) has offered significant insight into how big tech companies like Amazon, Facebook, and Google collect and use data. The report, which is based on a year-long investigation, concludes that these companies “engage in a wide range of business practices that collect, maintain, and use consumer data.”
The Federal Trade Commission released the findings of its investigation into how nine major tech companies collect and use data. The report highlights a number of practices that raise privacy concerns, including the way companies collect data from children and teens.
The FTC began its investigation in early 2019 after Congress passed the Cambridge Analytica Act, which gave the agency new powers to investigate how tech companies handle data. The report is the first major step by the FTC to use those powers.
The FTC’s findings are based on a review of internal documents and interviews with company employees. Here are some of the key takeaways:
– Companiescollect a vast amount of data on users, including sensitive information like health and financial data.
– Companiesuse this data to target ads and personalize content, but they also sell it to third-party developers.
– Some companiesallow third-party developers to access user data without sufficient safeguards.
– Many companieshave insufficient policies and procedures to protect user data from misuse by employees.
– Some companiescollect data from children and teens without their parents’ knowledge or consent.
The Federal Trade Commission (FTC) has released the findings of its long-awaited investigation into how big tech companies collect and use data.
The report, which was commissioned by Congress, found that Google, Facebook, Amazon, and Apple have “created extensive digital footprints” that allow them to “manipulate consumers.”
The report also found that these companies “collect, use, and share vast amounts of data,” which “provides them with an unfair competitive advantage.”
In light of these findings, the FTC has recommended that Congress pass legislation to regulate the way these companies collect and use data.
These recommendations come as no surprise, as the FTC has been investigating these companies for several years. In fact, the commission has already taken action against Google and Facebook for their data practices.
It is now up to Congress to decide whether or not to act on the FTC’s recommendations.
What this means for consumers
The Federal Trade Commission (FTC) recently released findings from its year-long investigation into nine big tech companies and how they collect and use data. The report includes insights on everything from the types of data being collected to how companies are using AI to make decisions about consumers.
Collectively, the findings provide a rare glimpse into the inner workings of some of the most powerful companies in the world. Here are some key takeaways for consumers:
-Your data is valuable: The FTC found that data is how these companies make money. They sell it, share it, and use it to create new products and services. If you’re not comfortable with that, your only option is to not use their services.
-You are not anonymous: The FTC found that these companies collect a tremendous amount of data on users, including sensitive personal information. They then use this data to create detailed profiles of users that can be used for targeted advertising and other purposes. In other words, you are not anonymous when you use these services.
-You have some control over your data: The FTC found that while these companies do have extensive data collection practices, they also give users some control over their data. For example, you can choose not to share your location with a service or to turn off certain features that collect data. However, it’s important to note that even if you take these steps, the company may still have access to some of your data.
The bottom line is that if you use big tech services, you should be aware that your data is being collected and used in ways that you may not be comfortable with. But you do have some control over how your data is used, and you can always choose to stop using a service if you don’t like how it collects or uses your data.
What this means for the tech industry
The Federal Trade Commission released findings today on how big tech companies collect and use data. The report highlights some of the key ways in which these companies collect data, including through cookies, location tracking, and the use of social media
The report also discusses how these companies use this data to target ads and product recommendations, and how they share this data with third-party partners. While the report does not make any specific recommendations, it raises important questions about the role of big tech companies in our lives and the need for greater transparency around their Data practices.
This is a major development for the tech industry and we will be watching closely to see how companies respond.
The Federal Trade Commission has released the findings of its year-long investigation into how nine big tech companies collect and use data.
Overall, the FTC found that the companies engage in a variety of data collection practices, including collecting data from third-party sources, using cookies and other tracking technologies to collect data from consumers’ online activities, and collecting data from consumers’ devices.
The FTC also found that the companies use this data for a variety of purposes, including targeted advertising, personalization of services, and marketing.
The FTC’s report is not an enforcement action, but it does provide insights into the commission’s thinking on big tech’s data practices. And it could pave the way for future actions by the FTC or other regulators.