US Lawmakers Unveil Sweeping Plan To Expand Online Privacy Protections As Meta, Google, TikTok Face Increasing Scrutiny: '...Gives Americans The Right To Control Where Their Information Goes'
Portfolio Pulse from Ananya Gairola
US lawmakers have introduced the American Privacy Rights Act, aiming to give consumers control over their personal data and establish a national standard for data collection, use, and transfer by companies. The proposal, which faces uncertain prospects, would allow users to opt out of targeted advertising, require minimal data collection, and enable data access and deletion. It seeks to override state privacy laws but maintains specific state regulations on health or financial data. Companies like Meta, Google, and TikTok, which have faced scrutiny for data practices, could be significantly impacted.
April 08, 2024 | 8:51 am
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The American Privacy Rights Act could significantly impact Meta by imposing stricter data collection and usage regulations, potentially affecting its targeted advertising and data practices.
Given Meta's reliance on targeted advertising and extensive data collection for its business model, stricter regulations could limit its ability to collect and use consumer data, potentially impacting its revenue and operational practices.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90