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TFC Commodity Trading Forum

FB and GOOG

These 2 should be trading down tomorrow.

In a news driven world, the latest on Youtube:

In a formal complaint being filed Monday, child advocates and consumer groups are asking the Federal Trade Commission to investigate and impose potentially billions of dollars of penalties on Google for allegedly violating children's online privacy and allowing ads to target them.

"Google profits handsomely from selling advertising to kid-directed programs that it packages," said Jeff Chester, director of the Center for Digital Democracy, one of the groups that drafted the complaint. "It makes deals with producers and distributors of kids' online programs worldwide. Google has built a global and very lucrative business based on kids' deep connections to YouTube."

YouTube's business model relies on tracking IP addresses, search history, device identifiers, location and other personal data about its users so that it can gauge their interests and tailor advertising to them. But that model isn't supposed to work for U.S. children, who are protected by the Children's Online Privacy Protection Act. That's a 20-year-old law that prohibits internet companies from knowingly collecting personal data from kids under 13 without their parents' consent.

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Link: https://www.barchart.com/story/home/2522141/child-advocates-ask-ftc-to-investigate-youtube