WASHINGTON - In response to the Federal Trade Commission's much anticipated report on consumer privacy, ITIF Senior Analyst Daniel Castro issued the following statement:
"The FTC's recommendations to protect consumer privacy by imposing new reporting requirements on businesses, restricting online advertising, and stifling innovation in the mobile market are misguided. The new report shows the FTC still does not understand the fundamental economics of the Internet. Consumers should have options to protect their privacy but there are important trade-offs and costs in creating those protections. The FTC's recommendations would create economic burdens that could stifle the efficiency and innovation that consumers also want from the Internet. The report does not strike the right balance."