FTC List of Entities of Interest
December 15, 2020
I read “FTC Issues Orders to Nine Social Media and Video Streaming Services Seeking Data About How They Collect, Use, and Present Information.” In the write up are the names of the entities about which information is sought. Here these organizations are:
- Amazon
- ByteDance (TikTok)
- Discord Inc.
- Facebook, Inc.
- Reddit, Inc.
- Snap Inc.
- Twitter, Inc.
- WhatsApp Inc. (This is a Facebook property)
- YouTube LLC. (This is a Google property)
What interesting to me is that the FTC is taking action at this time. Here’s the list with the date on which the company began operating:
- Amazon, 1994, 26 years ago
- ByteDance (TikTok), 2012, 8 years ago
- Discord Inc., 2015, 5 years ago
- Facebook, Inc., 16 years ago
- Reddit, Inc., 15 years ago
- Snap Inc., 9 years ago
- Twitter, Inc., 14 years ago
- WhatsApp Inc., 2009, 11 years ago
- YouTube LLC., 15 years ago.
What’s this date information reveal? The mean time for the FTC to recognize a potential issue and begin an investigation is the lifespan of a boxer dog.
A Federal investigation, the legal proceedings, and the appeals if necessary can reach eight years. Thus, it is possible that by 2028, the action begun in 2020 may be resolved.
What’s this suggest, gentle reader? Act now, apologize if snagged by a legal hook, and keep movin’ on down the information highway.
Lax regulation and what it fosters may not permit appropriate, prompt resolution.
Stephen E Arnold, December 15, 2020
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