Facebook has told federal investigators it’s open to heightened oversight of its privacy practices. The concessions could accompany a multi-billion dollar fine from the FTC, which opened its probe last year.
Facebook CEO Mark Zuckerberg at the F8 Developers Conference in San Jose, California, Tuesday. By Tony Romm Tony Romm Staff writer covering technology policy Email Bio Follow May 3 at 8:00 AM Facebook has told the U.S. government it is willing to submit to greater oversight of its data-collection practices — from the launching of new services to the decisions of its top executives — in order to end a wide-ranging federal probe into a series of privacy abuses that came to light last year.
Facebook also would take a more active role in policing third-party app developers, reviewing their offerings and ensuring that they comply with Facebook’s own rules, according to the source. Facebook announced last week it had set aside $3 billion in anticipation of a record-breaking fine as a result of the FTC probe. Violations of any new settlement the company reaches with the agency would result in even harsher punishments in the future.In comments to the Post earlier this week, Zuckerberg hinted at the FTC’s likely impact on Facebook’s future, saying he thought news stories focusing on the unprecedented size of the expected fine missed the significance of the settlement.
The FTC began investigating Facebook in March 2018 in response to revelations about the tech giant’s entanglement with Cambridge Analytica. The political consultancy improperly accessed personal data of 87 million Facebook users through the use of a quiz app as part of an effort to better target political messages at voters.
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