The Federal Trade Commission (FTC) is threatening to block Facebook-parent Meta (META) from monetizing user data that it collects on minors and pause its launch of new products and services. In a proposal issued Wednesday, the commission said Facebook has repeatedly violated prior agreements meant to protect user privacy, as well as the Children’s Online Privacy Protection Act Rule (COPPA). “The company’s recklessness has put young users at risk, and Facebook needs to answer for its failures,” Samuel Levine, director of the FTC's Bureau of Consumer Protection, said in a press release. In an administrative court filing, the FTC said…