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FTC Cracks Down on Meta, Bans Kid's Monetization in Social Media

The Federal Trade Commission (FTC) has announced that it will be moving to completely prohibit Facebook's parent company Meta from monetizing children under the age of 13. This comes after the FTC accused Meta of repeatedly violating the Children's Online Privacy Protection Act (COPPA), which prohibits companies from collecting personal data from children under the age of 13 without their parents' consent.

According to the FTC, Meta has failed to obtain parental consent for children under 13 for features like its Messenger Kids app, and also failed to disclose to parents how their children's data would be used. In response, the FTC has taken action to completely ban Meta from monetizing children's data in any way, shape, or form.

This is a significant move by the FTC, as it sends a strong message to other companies that they will not tolerate the exploitation of children's personal data for profit. It also highlights the need for companies to take the privacy of children seriously and ensure that their data is not being collected or used without proper consent.

The decision by the FTC to completely prohibit Meta from monetizing children's data is a positive step towards protecting the privacy and security of children online. It is important for companies to prioritize the privacy of their youngest users and ensure that they are not being exploited for profit. As the use of technology among children continues to grow, it is crucial that companies adhere to regulations like COPPA to prevent the collection and misuse of children's personal data.