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Friday, 03 April 2020

Report: FTC considering oversight of Facebook's Zuckerberg

AP , Friday 19 Apr 2019
Mark Zuckerberg
File Photo: Facebook CEO Mark Zuckerberg speaks on stage during the Facebook F8 conference in San Francisco, California April 12, 2016 (Photo: Reuters)
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Federal regulators are reportedly considering seeking some kind of oversight over Mark Zuckerberg's leadership of Facebook over the social network giant's mishandling of users' personal information.

The Washington Post reported Friday that discussions between Facebook and Federal Trade Commission officials about its data-handing lapses have touched on holding the CEO personally accountable. Zuckerberg controls a majority of Facebook's voting stock.

The Post quoted anonymous sources familiar with the discussions.

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

The commission opened an investigation into Facebook last year after revelations that data mining firm Cambridge Analytica had gathered details on as many as 87 million Facebook users without their permission.

The Post previously reported the FTC is considering hitting Facebook with a multibillion-dollar fine.

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