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France 24

Business

Charles PELLEGRIN

US regulator proposes new sanctions on Meta over children's privacy concerns

United States Meta Facebook FTC Instagram the European Central Bank the US Federal Reserve the US Federal Trade Commission Westpac Interest Rates

BUSINESS DAILY © FRANCE 24

The US Federal Trade Commission has unveiled a proposal that would bar social media giant Meta from profiting off the personal data collected from child users. The FTC is accusing Facebook and Instagram's parent company of repeated violations of data privacy policies. Also in the show, regional US lender WestPac is looking at "strategic options", fuelling concerns over the banking sector. Plus, after the US Federal Reserve, the European Central Bank is set to raise interest rates further.

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