People in this thread don't seem to understand how anti big business the FTC has been since Lina Khan was appointed. These reports are meant to be used by congress to help guide real policy. It's one thing to just assume social media is violating privacy, it's another thing to have a facts-based report on exactly what is currently happening.
Of course the FTC needs new laws to do any enforcement and there's probably not enough anti corporation politicians to pass laws that give them real teeth on data privacy issues.