In December 2020, the Federal Trade Commission ordered the biggest social media and streaming companies in the world, including Twitch owner Amazon, Facebook (now Meta), YouTube, Reddit, WhatsApp, Twitter (now X), Snap, Discord and TikTok’s ByteDance, to share how they used their users’ personal information.
On Thursday, FTC staff released a 129-page report, which found that these companies all “harvest an enormous amount of Americans’ personal data and monetize it to the tune of billions of dollars a year,” stated FTC chair Lina M. Khan.
“While lucrative for the companies, these surveillance practices can endanger people’s privacy, threaten their freedoms, and expose them to a host of harms, from identify theft
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