Facebook's Zuckerberg will reportedly shoulder personal responsibility for privacy issues

CNET | 7/23/2019 | Queenie Wong
bab_ohhbab_ohh (Posted by) Level 3
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Facebook CEO and co-founder Mark Zuckerberg.

Facebook CEO Mark Zuckerberg will be personally responsible for certifying the social network is following federal consumer privacy rules as part of a roughly $5 billion settlement with the Federal Trade Commission expected to be unveiled on Wednesday, according to a Wall Street Journal report on Tuesday evening.

Facebook - Earnings - Wednesday

Facebook is also scheduled to report second-quarter earnings on Wednesday.

The deal will require Zuckerberg to state each quarter that Facebook is complying with the settlement terms, the Journal reported, citing a person familiar with the matter. The certification is to be based on Zuckerberg's personal knowledge, the report said.

Facebook - FTC - Request - Comment

Facebook declined to comment. The FTC didn't immediately respond to a request for comment.

The broad strokes of the settlement have been rumored for months and Facebook has already set aside the...
(Excerpt) Read more at: CNET
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