Today, Netflix announced a new feature—“Netflix Social”—which lets users share the TV shows and movies they watch on Netflix with their friends on Facebook. This was made possible because of an update to a privacy law. In this blog, ITIF Senior Analyst Daniel Castro argues that this is a clear example of how privacy laws can stall innovation. In this case, the cost of privacy was approximately three years and three-quarter of a million dollars.
The FTC’s Top Consumer Priority Should be Identity Theft
As Commissioner Ramirez begins her new term, senior analyst Daniel Castro encourages her to consider how the FTC can be more effective at making meaningful progress in addressing identity theft, such as through better use of technology. By building on its previous efforts, the FTC can reduce the financial pain and inconveniences incurred by the practice and better address the needs of American consumers.