WASHINGTON – Federal regulators are ordering Facebook, Twitter, Amazon, TikTok’s parent and five other social media companies to provide detailed information on how they collect and use consumers’ personal data and how their practices affect children and teens.
The other five companies are Reddit, Snap, Discord, WhatsApp, which is owned by Facebook, and Google’s YouTube.
Regulators and lawmakers are increasingly weaving their concerns over data power and privacy into their investigations of Big Tech companies' market dominance.
Facebook, the largest social network, gets the bulk of its revenue — which reached $70.7 billion last year — from online ads.
They said the planned study “will lift the hood on the social media and video streaming firms to carefully study their engines."