The social media giant Facebook is headed toward an agreement with the US government over its privacy policies and practices.
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.
Facebook Inc on Tuesday debuted an overhaul of its core social network and introduced new business-focused tools, the first concrete steps in its plan to refashion itself into a private messaging and e-commerce company.
Facebook Inc more than doubled the money it spent on Chief Executive Officer Mark Zuckerberg’s security in 2018 to $22.6 million (£17.3 million), a regulatory filing showed on Friday.
Facebook Chief Executive Mark Zuckerberg recently called for regulators to play a “more active role” in establishing rules that govern the internet.