A likely deal will involve the Facebook CEO being held accountable for past privacy lapses form his social media site…
While just about ALL of the social media sites and systems seek to strip away privacy in efforts to connect everyone?
Governments in America and Europe are trying to slow the efforts….
Some countries have social media sites give them the ability to look into the sites in exchange for allowing them to operate there…
Appearing before Congress last year, Zuckerberg sought to take personal responsibility for a range of his company’s recent missteps, such as Facebook’s entanglement with Cambridge Analytica. “I started Facebook, I run it, and I’m responsible for what happens here,” he told lawmakers. But the Facebook chief still maintained that the company did not commit a “violation of the consent decree” it had struck with the FTC.
Settling that federal inquiry could force Facebook to make significant concessions, including paying a fine ranging into the billions of dollars, The Washington Post previously has reported. It could result in new obligations targeting Zuckerberg, too. One idea that has been raised could require him or other executives to certify the company’s privacy practices periodically to the board of directors, two people familiar with the matter said, along with heightened oversight by the FTC.
Facebook CEO Mark Zuckerberg on March 6 said the company would encrypt conversations on more of its messaging services and make them compatible.
It is unclear if the FTC and Facebook are still contemplating such a requirement, or if they’ve struck an agreement on these or other outstanding matters. But Facebook has fought fiercely to shield Zuckerberg as part of the negotiations, one of the sources familiar with the probe said. Either Facebook or the FTC could choose to walk away from talks, resulting in the matter heading to court.
The idea of holding Zuckerberg accountable — and even subjecting him to penalties for Facebook’s alleged mishandling of users’ data — has gained political traction in Washington. Sen. Richard Blumenthal (D-Conn.) said in a statement that the top executive “wasn’t just aware of Facebook’s invasion of consumer privacy, he signed off on it and publicly downplayed legitimate concerns.”
“Holding Mark Zuckerberg and other top Facebook executives personally at fault and liable for further wrongdoing would send a powerful message to business leaders across the country: You will pay a hefty price for skirting the law and deceiving consumers,” Blumenthal added.
Some of the FTC’s own decision-makers also have aired their support for penalties against executives when their companies are under investigation. In a May 2018 memo, Democratic Commissioner Rohit Chopra said the agency “should hold individual executives accountable for order violations in which they participated, even if these individuals were not named in the original orders.” He didn’t mention Facebook by name, and he did not respond to requests for comment…..
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