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Home»Tech World»US Federal Trade Commission summons social media companies, asks for details of screening of advertisements

US Federal Trade Commission summons social media companies, asks for details of screening of advertisements

By Vivek Rana17/03/20232 Mins Read
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Tech News Desk – Tech News Desk – The buzz of curbing social media platforms has now intensified. In India too, a new security policy is being planned to prevent the arbitrariness of social media platforms and smartphone companies. Now the US Federal Trade Commission has summoned eight social media and video streaming firms including Meta, Twitter, TikTok and YouTube. The commission has sought information from these firms regarding screening of platforms for misleading advertisements.

The US Federal Trade Commission (FTC) has also issued orders in this regard to eight leading social media and video streaming firms. The FTC has also ordered companies such as Snap, Amazon-owned Twitch, Pinterest and Instagram to provide information related to screening for deceptive ads. The FTC asked the firms to provide information such as advertising revenue and number of views, including the categories of products and services most likely to be scammed.

Samuel Levine, director of the FTC’s Bureau of Consumer Protection, said social media is becoming a goldmine for scammers claiming counterfeit products and other scams, which have cost consumers dearly in recent years. India’s IT ministry is considering new security rules amid concerns about espionage and misuse of users’ data, a senior government official said, adding that the details are not yet public.

Under the new security rules, smartphone makers will be allowed to remove pre-installed apps and mandatory screening of major operating system updates. Also, the central government is also planning to stop the spread of misinformation like viral misleading videos and content created using artificial intelligence. For this, the ministry will prepare a framework in collaboration with internet companies, government and fact checkers.

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