The Federal Trade Commission has its hands full with Facebook and Mark Zuckerberg as the agency may now be seeking oversight of Zuckerberg’s leadership of the company. This is likely being spurred on by the most recent report of Zuckerberg and senior executives leveraging user data in deals with third parties.
Everything that is happening with Facebook and data privacy was set off by the Cambridge Analytica scandal as the Federal Trade Commission investigated that situation. Before and since the Cambridge Analytica situation there have been multiple privacy and data leaks which are seriously tarnishing the company’s reputation.
Discussions between Facebook and the U.S. Federal Trade Commission officials about its data-handling lapses have touched on holding the CEO personally accountable, the Washington Post reported Friday. Zuckerberg controls a majority of Facebook’s voting stock and has run the company since starting it at Harvard in 2004.
The Post quoted two anonymous sources familiar with the discussions. It said putting restraints on Zuckerberg could send a message to other tech giants that the FTC could hold their executives accountable for privacy misdeeds.SFGate
The Federal Trade Commission did not comment on the report and neither did Facebook. Facebook is also responsible for Instagram, which has also been impacted by the most recent data password leak. Millions of Instagram users’ passwords were affected in that incident, along with Facebook users.
Mark Zuckerberg has made an attempt to redirect the conversation away from its data and password leak problems with a reconstruction pitch of Facebook with a focus on privacy. But the question remains, can tech companies like Facebook really protect your privacy when it’s your privacy they profit from? The answer to that question is probably a solid no, but Mark Zuckerberg wants to convince you otherwise.
It will be interesting to see if this report proves to be true and the FTC does gain some sort of oversight of Zuckerberg and Facebook. What do you think? Let us know in the comments below or on Twitter, or Facebook. You can also comment on our MeWe page by joining the MeWe social network.[button link=”https://www.sfgate.com/business/article/FTC-reportedly-considering-oversight-of-13781606.php” icon=”fa-external-link” side=”left” target=”blank” color=”285b5e” textcolor=”ffffff”]Source: SFGate[/button]
Last Updated on February 3, 2021.