Shares of America’s most powerful tech titans such as Google parent company Alphabet Inc. (GOOGL
) and Facebook Inc. (FB) have taken a hit this year on fears of heightened regulation in regards to how the companies manage and protect their users’ data. (See also: GOOGL, FB Overdue for Govt. Oversight: Jim Mellon.)
On Monday, some 20 advocacy groups filed a complain to the U.S. Federal Trade Commission (FTC), suggesting that Google’s YouTube platform is violating children’s privacy law. The complaint, led by the Center for Digital Democracy and Campaign for a Commercial-Free Childhood calls for a drastic change in how YouTube handles children’s content and that the firm pay a fine amounting to “tens of billions” of dollars for allegedly profiting off of underage viewers.
The child advocacy, consumer and privacy groups indicate that the video platform is violating a…