Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

US judge to hear Meta privacy dispute with FTC next month

Published 12/11/2023, 12:59 PM
Updated 12/11/2023, 01:01 PM
© Reuters. FILE PHOTO: A cyclist rides past the Meta sign outside the headquarters of Facebook parent company Meta Platforms Inc in Mountain View, California, U.S. November 9, 2022.  REUTERS/Peter DaSilva
META
-

WASHINGTON (Reuters) - A judge overseeing a lawsuit brought by Meta Platforms (NASDAQ:META), owner of WhatsApp, Instagram and Facebook, said he would hear arguments in late January on a request that he temporarily stop the U.S. Federal Trade Commission (FTC) from unilaterally reopening a 2019 privacy agreement.

This latest dispute between Meta and the FTC began in May, when the agency said the company had misled parents about how much control they had over who their children had contact with in the Messenger Kids app, among other issues.

The agency proposed tightening a 2019 consent agreement, that had forced Facebook, which became Meta in 2021, to pay a $5 billion penalty. The proposed changes include a prohibition on Meta from making money off young users, including in its virtual reality business. It would also expand restrictions on facial recognition technology.

Meta has asked for the FTC process to be paused until a lawsuit challenging the constitutionality of the reopening is resolved. Judge Randall Moss of the U.S. District Court for the District of Columbia said he would hear briefings on the preliminary injunction on Jan. 29.

The new lawsuit is part of a battle between Meta and the FTC as the agency works to promote privacy and competition among Big Tech firms who in turn seek to halt any changes that could hurt profits.

© Reuters. FILE PHOTO: A cyclist rides past the Meta sign outside the headquarters of Facebook parent company Meta Platforms Inc in Mountain View, California, U.S. November 9, 2022.  REUTERS/Peter DaSilva

In November, Meta filed a separate appeal against a judge's ruling that it should be an FTC judge, not a district judge, who decides whether the consent agreement should be tightened.

Separately, the agency has an antitrust fight with Meta. It asked a federal court in 2020 to order the company to sell Instagram, which it bought for $1 billion in 2012, and WhatsApp, which it bought for $19 billion in 2014. That case has no trial date.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.