The Federal Trade Commission has given nine top social media and Internet firms 45 days to provide details about "[how they] collect, use, and present personal information, their advertising and user engagement practices, and how their practices affect children and teens." No penalties apply if companies fail to answer. So far it seems many of the social media companies are pointing fingers at each other’s practices, claiming they are worse than their own, but if you are interested in consumer privacy it is a story you will want to watch unfold.