Lawmakers at Facebook Hearing Emphasize Need for Regulatory Action
October 05 2021 - 11:58AM
Dow Jones News
By Ryan Tracy
Passing legislation is difficult, and lawmakers seemed to
acknowledge that in their opening statements when they called for
something else in response to Facebook whistleblower Frances
Haugen's testimony: Regulatory action.
Sen. Richard Blumenthal (D., Conn.), the Senate consumer
protection subcommittee chairman, said, "Facebook appears to have
misled the public and investors" and it should face penalties if it
did so, calling for investigations by the Securities and Exchange
Commission and the Federal Trade Commission.
Sen. Marsha Blackburn (R., Tenn.), the ranking Republican member
of the subcommittee, suggested in her opening statement that
Facebook Inc. is evading a federal law protecting children under 13
from online data collection, quoting a Facebook statistic about its
deleting hundreds of thousands of accounts from younger kids.
"How do you get that many underage accounts if you aren't
turning a blind eye to them in the first place?" she asked.
Write to Ryan Tracy at ryan.tracy@wsj.com
(END) Dow Jones Newswires
October 05, 2021 11:43 ET (15:43 GMT)
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