Facebook Inc and the Federal Trade Commission (FTC) are negotiating a possible settlement that would require the company to create an independent privacy oversight committee and take other steps to safeguard users, Politico reported on Wednesday, citing a source. The steps would include appointing a federally-approved privacy official at the highest level of Facebook and creating a privacy oversight committee that may include Facebook board members, the report said. The potential agreement between the company and the FTC is in addition to the $3 billion Facebook said it would set ...
Facebook's settlement with US may include privacy oversight: Report
The potential agreement between the company and the FTC is in addition to the $3 billion Facebook said it would set aside last week to cover settlements with US regulators
Reuters Last Updated at May 3, 2019 03:53 IST