Report: FTC plans to oversee Facebook's Zuckerberg


WASHINGTON – Federal regulators are considering asking for some sort of control over Mark Zuckerberg's leadership on Facebook, to the detriment of the social media giant's mismanagement of personal information.

Discussions between Facebook and officials at the US Federal Trade Commission about its data transfer errors focused on the CEO's personal accountability, the Washington Post reported on Friday. Zuckerberg controls the majority of Facebook's voting shares and has been running the company since it was launched at Harvard in 2004.

The Post cited two anonymous sources familiar with the discussions. The imposition of restrictions on Mr. Zuckerberg could make other tech giants understand that the FTC could hold their leaders accountable for their breaches of privacy.

The FTC had no comment and Facebook did not immediately respond to a request for comment.

Get Titles of the day in your mailbox:

The best stories of the day delivered each morning.

The commission opened an investigation on Facebook last year after learning that Cambridge Analytica's data mining company had collected information on 87 million Facebook users without their permission.

The FTC investigated whether the massive blackout violated an agreement reached by Facebook in 2011 after government regulators concluded that Menlo Park, California, had repeatedly broken promises to protect privacy, which now account for 2.3 billion people worldwide.

The FTC's decree, which runs until 2031, requires Facebook to obtain the consent of its users to share their personal information in a way that is not allowed by their privacy settings.

La Poste had previously reported that the FTC was planning to hit Facebook with a multi-billion dollar fine. That would be tantamount to its record $ 22.5 million fine, which was handled by Google in 2012 for circumventing Apple's Safari browser privacy controls.

On Thursday, his Instagram affiliate said in a blog post that millions of additional users were affected by a password security breach that Facebook did not recognize when the problem was announced. four weeks, while tens of thousands of passwords were stored in plain text on the site. which means that company employees could search for them.

Source link