FTC settlement could impose new privacy practices on the Facebook
Stronger oversight of its data-collection practices could end a wide-ranging federal probe into a series of privacy abuses that came to light last year. The concessions could accompany a multibillion-dollar fine from the Federal Trade Commission, which opened its probe last year.
Facebook has told the U.S. government it is willing to submit to greater oversight of its data-collection practices — from the launching of new services to the decisions of its top executives — to end a wide-ranging federal probe into a series of privacy abuses that came to light last year.