COPPA is a law addressing child privacy online. The FTC issued new rules and regulations in the summer of 2013 regarding how the law should be complied with by online businesses.
The beauty of this video is the sheer, unfiltered hypocrisy of the FTC. They emphasize in the video that a site with knowledge of child users must comply with the law. However, the FTC enforces this provision selectively. If you are a small site with few assets, the Agency will go after you with all guns blazing. Larger sites? Not at all. Facebook has admitted it knows it has millions of child users. Has the FTC done anything? Not a chance. This isn’t meant to bash Facebook. It simply reveals yet another blatant failing of the FTC. Regardless, give the video a watch.