The social media giant Facebook Inc is headed toward an agreement with the U.S. ...
WASHINGTON - The social media giant Facebook Inc is headed toward an agreement with the U.S. government over its privacy policies and practices that would put it under 20 years of oversight, according to a source knowledgeable about the discussions.
There had been expectations a deal was imminent after Facebook set aside $3 billion to pay what it said it expected to be a $3 billion to $5 billion penalty. But two sources said on Monday that no deal was expected this week. In a letter to the FTC, Senators Richard Blumenthal, a Democrat, and Josh Hawley, a Republican, told the agency that even a $5 billion civil penalty was too little and that top officials, potentially including founder Mark Zuckerberg, should be held personally responsible.
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