Comment on FTC chair Lina Khan explained how Americans lost their privacy protections to Big Tech

FTC chair Lina Khan explained how Americans lost their privacy protections to Big Tech

FTC Chair Lina Khan said in a "60 Minutes" interview that hundreds of Big Tech acquisitions in the past several decades weakened Americans' privacy protections.Tom Williams/CQ-Roll Call, Inc via Getty ImagesFTC Chair Lina Khan has led an aggressive antitrust fight against large corporations.In a recent "60 Minutes" interview, she said Big Tech acquisitions have harmed Americans.Companies like Facebook acquired smaller ventures and stripped privacy protections, she said.The Federal Trade Commission's antitrust buster said Americans lost a lot of privacy protection because a handful of large tech companies were allowed to go on an acquisition spree without greater scrutiny.In a "60 Minutes" interview that aired Sunday, FTC Chair Lina Khan said allowing Big Tech to go through hundreds of acquisitions in the past several decades was a mistake that hurt Americans."In the technology markets, we went through a couple of decades where we saw over 800 acquisitions by the five big players, not a single one of which was blocked, and some of those we realized ended up leading to significant harm," Khan said.She acknowledged Facebook's purchase of messaging app WhatsApp in 2014 for $19 billion as one example.The FTC sued Facebook in 2020, accusing Mark Zuckerberg's company of engaging in anticompetitive practices by buying Instagram and WhatsApp.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News