Parents Beware! Tech Giants Including Google Bypass Kid Privacy Norms
Portfolio Pulse from Anusuya Lahiri
Google's parent company, Alphabet Inc, has been flagged for YouTube's advertising practices, which allegedly bypass the privacy of children. A children's activist group, Fairplay, accused YouTube of exploiting Google's advertising tools to run a $10 ad campaign targeting adult groups on children's video channels. In 2019, Google and YouTube agreed to pay a record $170 million to settle regulators' accusations of illegally collecting personal information from children. Other companies, including Microsoft Corp, Amazon.com Inc, and ByteDance Ltd's TikTok, have also faced FTC penalties for similar practices.
August 25, 2023 | 1:28 pm
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Alphabet Inc, Google's parent company, is under scrutiny for YouTube's advertising practices that allegedly bypass children's privacy.
The allegations against Alphabet Inc's YouTube could lead to regulatory actions and fines, which could negatively impact the company's reputation and financials.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Amazon.com Inc has previously faced FTC penalties for collecting data on children without parental consent.
While Amazon is mentioned in the context of past FTC penalties, there is no new information or allegations against the company in this news. Therefore, the impact on the company's stock is expected to be neutral.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Microsoft Corp has previously faced FTC penalties for collecting data on children without parental consent.
While Microsoft is mentioned in the context of past FTC penalties, there is no new information or allegations against the company in this news. Therefore, the impact on the company's stock is expected to be neutral.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50