The news: The Federal Trade Commission (FTC) strongly criticized the ad industry’s data practices in a report released Thursday, saying social media and streaming platforms have created a “commercial surveillance ecosystem” that collects a “staggering” amount of personal info and fails to protect user privacy.”
- In the nearly 130-page report, the agency calls for broad regulation of the advertising industry, saying “self-regulation has been a failure.”
- The criticism comes amid a surge in support for updated federal privacy and social media regulations—proposed laws which reflect a significant amount of ad industry input.
