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COMCAST CORPORATION

(CMCSA)
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Internet providers collect "staggering" amounts of data -- U.S. FTC chair

10/21/2021 | 03:52pm EST
People look at their smartphones at the Rockefeller center in New York City

WASHINGTON (Reuters) - Internet service providers collect a "staggering" amount of detailed data on consumers, Federal Trade Commission Chair Lina Khan said on Thursday in discussing an agency staff report on information collected by major providers like AT&T and Verizon Wireless.

"We intend this report to be the continuation of an ongoing discussion about commercial data practices, and user privacy," said Khan, who noted that the data collected could also crop up as an issue in merger reviews.

For the report, the FTC requested information from AT&T, Verizon Wireless, Charter, Comcast's Xfinity, Alphabet Inc.'s Google Fiber and T-Mobile as well as advertising firms associated with AT&T and Verizon.

The agency staff found that the companies collected data about browsing histories, what is streamed, sensitive characteristics like race and sexual orientation and real-time location, which they found were sometimes shared with third parties.

The report also found that some ISPs kept consumer data for a set period of time but others said they kept it as long as needed.

"The report found that even in instances where internet service providers purported to offer customers some choice with respect to how their data was collected or used, in practice users were often thwarted by design decisions that made it complicated, difficult or near impossible to actually escape persistent tracking," Khan said.

The FTC took oversight of ISPs in 2017 from the Federal Communications Commission. Khan, however, said she would "fully support efforts to reassert that authority."

Google and Verizon declined comment while the others did not immediately respond to a request for comment.

(Reporting by Diane Bartz; Editing by Mark Porter)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.67% 2840.03 Delayed Quote.62.04%
COMCAST CORPORATION 0.54% 51.78 Delayed Quote.-6.34%
T-MOBILE US 2.18% 112.77 Delayed Quote.-18.16%
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Analyst Recommendations on COMCAST CORPORATION
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Financials (USD)
Sales 2021 116 B - -
Net income 2021 13 987 M - -
Net Debt 2021 87 448 M - -
P/E ratio 2021 17,2x
Yield 2021 1,92%
Capitalization 237 B 237 B -
EV / Sales 2021 2,80x
EV / Sales 2022 2,64x
Nbr of Employees 168 000
Free-Float 83,2%
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Technical analysis trends COMCAST CORPORATION
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Mean consensus BUY
Number of Analysts 36
Last Close Price 51,78 $
Average target price 65,80 $
Spread / Average Target 27,1%
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Managers and Directors
Brian L. Roberts Chairman, President & Chief Executive Officer
Michael J. Cavanagh Chief Financial Officer
Jeff Votaw Vice President-Engineering
Candy Lawson Chief Compliance Officer & Senior Vice President
Karen Dougherty Buchholz Executive Vice President-Administration
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