$5 billion Facebook, FTC deal could add more privacy oversight

Whereas earlier rumors a few possible settlement between Facebook and the FTC over its privacy failings centered on greenback figures and CEO Mark Zuckerberg, Politico studies that it could additionally create new govt positions. That could imply “appointing a federally approved privacy official” as well as an oversight committee that could embody Fb board members.

The New York Times additionally reported on the negotiations, and each retailers adopted up previous reports that recommend Zuckerberg could add the title of “head compliance officer” in a transfer to make him personally chargeable for any potential failings sooner or later. This week at Fb’s F8 occasion Zuckerberg pushed a “The future is private” mantra, however it fell flat to many ears. Fb and its CEO have informed the world, and the FTC, that they will do better when it comes to privacy and we have seen how that seems — even after a possible $5 billion wonderful and a few C-suite restructuring it nonetheless feels like the identical guarantees yet again.

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