The Federal Trade Commission testified to Congress about enforcements against Google and Facebook. The agency’s heads reported to Congress about enforcements against big companies like Facebook, Google, YouTube and more.
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Federal Trade Commission Chairman Joseph Simons and Commissioner Rohit Chopra presented the agency’s work to stimulate competition in the marketplace in front of the House Appropriations Subcommittee on Financial Services and General Government. They highlighted efforts on “enforcement, education, advocacy, and policy work and anticipating and responding to changes in the marketplace,” as per a press release by the FTC.
Other areas reported on include from “privacy, data security, consumer fraud, mergers and acquisitions, to anticompetitive tactics by pharmaceutical and other companies like Google and Facebook.
Also, the report detailed how Facebook was handed a $5 billion civil penalty (the highest ever) in July for violating the children’s privacy law. Google and YouTube were fined $170 million for alleged violations of the Children’s Online Privacy Protection Act. And Equifax settled to pay $575 million for allegations over the data breach it suffered in 2017.
The report also states how the FTC is conducting an antitrust investigation of Facebook through its Technology Task Force, which was launched in February 2019.
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