On Wednesday, the Federal Trade Commission said that Facebook has agreed to a sweeping settlement of significant allegations that have incorrectly managed user privacy and pay $ 5 billion, two people briefed on the matter said.
The people said, Facebook will agree to create a board committee on privacy and will agree to new executive certifications that users’ privacy is being properly protected.
Facebook chief executive Mark Zuckerberg will have to certify every three months that the company is adequately protecting user privacy, one of them said.
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