The Federal Trade Commission is set to announce on Wednesday that Facebook Inc h...
) has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay $5 billion, two people briefed on the matter said.
Facebook Chief Executive Mark Zuckerberg will have to certify every three months that the company is properly safeguarding user privacy, a person briefed on the matter said. The settlement comes amid growing concern among U.S. policymakers about the privacy of online users and have sparked calls for new legal protections in Congress. Separately, the U.S. Justice Department said late Tuesday it is launching a broad antitrust probe into the competitive practices of large tech companies like Facebook.
A person briefed on the matter said the phone number, facial recognition and two-factor authentication issues were not part of the initial Cambridge Analytica probe.
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