Facebook's historic settlement with the FTC keeps CEO Mark Zuckerberg's power largely intact, even as it calls for the board to tighten the reins on the company's privacy practices
As Facebook Inc.’s co-founder and chief executive, Mark Zuckerberg, holds extraordinary sway over the social-media giant. Wednesday’s settlement with the Federal Trade Commission keeps his power largely intact, even as it calls for the board to tighten the reins on the company’s privacy practices.
Along with a historic $5 billion fine, the agreement requires Facebook to create a privacy committee stocked with independent board members. Mr. Zuckerberg can’t remove those directors for their “good-faith actions as privacy committee...
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
FTC Fines Facebook $5B, Adds Limited Oversight on PrivacyThe fine is the largest the Federal Trade Commission has levied on a tech company, though it won't make much of a dent for a company that had nearly $56 billion in revenue last year.
Leer más »
Cramer: FTC oversight is 'truly invasive' against FacebookJim Cramer says the government is 'reaching into the board room' at Facebook.
Leer más »
Facebook Agrees to New FTC Privacy Oversight, Will Pay $5 Billion Fine Under 20-Year SettlementFacebook, under a 20-year settlement with the Federal Trade Commission over privacy violations, will pay a record-breaking $5 billion fine and submit to new oversight by the commission. The settlem…
Leer más »
Facebook Settlement Requires Mark Zuckerberg to Certify Privacy ProtectionsFacebook CEO Mark Zuckerberg will have to personally certify that the company is taking steps to protect consumer privacy under a settlement expected to be announced with the Federal Trade Commission Wednesday.
Leer más »
Facebook Settlement Requires Mark Zuckerberg to Certify ComplianceFacebook Inc. CEO Mark Zuckerberg will have to personally certify that the company is following federal officials’ orders for protecting consumer privacy under a settlement expected to be announced with the Federal Trade Commission Wednesday.
Leer más »
Column: In Facebook settlement, the FTC lets the company and Zuckerberg off the hook'The settlement demonstrates the essential toothlessness of the FTC’s approach to manifest legal wrongdoing and its unwillingness to bring individual wrongdoers to account.' Columnist hiltzikm on Facebook's settlement:
Leer más »