A Facebook sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 5, 2018.
PHOTO: REUTERS
Politico reported on Wednesday that Facebook and the Federal Trade Commission (FTC) were negotiating a possible settlement that would require the company to create an independent privacy oversight committee and take other steps to safeguard users.
Facebook hires State Department lawyer as general counsel
The FTC has been investigating revelations that Facebook inappropriately shared information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica. The probe has focused on whether the sharing of data and other disputes violated a 2011 agreement with the FTC to safeguard user privacy.
Facebook paid teens to track smartphone use
Facebook announced last week that it had set aside $3 billion to cover the settlement.
It was not immediately clear whether Instagram, another Facebook-owned service, would also be covered under the settlement, the Wall Street Journal report said.
Facebook and the FTC declined to comment.
1736844405-0/Express-Tribune-(2)1736844405-0-270x192.webp "ihsanullah announces retirement following hbl psl 10 snub")
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ