Mark Zuckerberg

Facebook settles with FTC regulators over privacy

Illustration a hand holding a gavel over the facebook logo
Illustration: Sarah Grillo/Axios

The Federal Trade Commission has settled with Facebook over allegations that it "repeatedly used deceptive disclosures and settings to undermine users’ privacy preferences," in a deal that will apply some new oversight to its practices and force it to pay $5 billion.

Why it matters: Revelations last year that the political consultancy Cambridge Analytica had gathered a large trove of Facebook user data, and failed to get rid of it, set off a broader reckoning around data privacy in the era of Big Tech.

Facebook's content oversight plan garners strong reactions

A classic sketch but with a Facebook "like" button covering the hand.
Illustration: Aida Amer/Axios

Facebook is taking the next step in its effort to create an independent review board to make calls on what content should be allowed on the site.

Our thought bubble: Establishing such an oversight entity is super complicated, and the feedback shows that even experts are split over how to handle the mechanics. Also, Facebook will have to really be willing to empower the board and support its independence or it will be easily undermined.