FTC Proposes Blanket Ban on Meta's Monetization of Young Users' Data

The Federal Trade Commission (FTC) has proposed a "blanket prohibition" on the collection of young people's personal data by Meta, Facebook's parent company, citing major privacy failings. The proposed changes would bar Meta from profiting from the data it collects from users under the age of 18, including through Facebook, Instagram, Oculus headsets, and Horizon Worlds. The proposed changes could have significant financial repercussions because user data is a key to Meta's advertising business, which is how it makes the vast majority of its money.