Zuckerberg and Facebook Eyed in Probe

Zuckerberg and Facebook Eyed in Probe
(CC) Brian Solis, www.briansolis.com / bub.blicio.us

Mark Zuckerberg and Facebook are reportedly the targets of a new federal probe.

According to Chron:

Federal regulators investigating Facebook for mishandling its users' personal information have set their sights on the company's CEO, Mark Zuckerberg, exploring his past statements on privacy and weighing whether to seek new, heightened oversight of his leadership.

The discussions about how to hold Zuckerberg accountable for Facebook's data lapses have come in the context of wide-ranging talks between the Federal Trade Commission and Facebook that could settle the government's more than year-old probe, according to two people familiar with the discussions. Both requested anonymity because the FTC's inquiry is confidential under law.

Such a move could create new legal, political and public-relations headaches for one of Silicon Valley's best known - and image conscious - corporate leaders. Zuckerberg is Facebook's co-founder, chief executive, Such a move could create new legal, political and public-relations headaches for one of Silicon Valley's best known - and image conscious - corporate leaders. Zuckerberg is Facebook's co-founder, chief executive, board chairman and most powerful stock owner, and a sanction from the federal government would be seen as a rare rebuke to him and the tech giant's historic "move fast and break things" ethos.

Often, the FTC does not target executives in cases in which it finds a company's business practices have violated web users' privacy. But critics said targeting Zuckerberg could show other tech giants that the agency is willing to hold top executives directly accountable for their firms' repeated data misdeeds.

Facebook said that it hopes to reach a fair agreement as they begin negotiations with the government.

 Source: American Update

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