(Reuters) – Facebook Inc, the e-mails appear to show the Chief Executive Officer, Mark Zuckerberg’s involvement in the debate on the much criticized privacy practices, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
FILE PHOTO: Facebook CEO Mark Zuckerberg makes his keynote address during the Facebook Inc’s annual F8 developers conference in San Jose, California, united states, April 30, 2019. REUTERS/Stephen Lam
The newspaper said the reporters had not seen the e-mail and nameless people. The report said that the communications are shown to demonstrate the Chief Executive, Mark Zuckerberg, the connection is established, the potential problem of privacy practices at the company. Shares of the Menlo Park, Calif. – based company were down 1.8% to $174.9 at the start of the afternoon trading.
The e-mails have raised concerns within the company, they were able to have a public relations problem, at least in Facebook, the wall street journal reported, citing one of the people familiar with the matter.
The us Federal Trade Commission (“FTC”), has been investigating allegations that Facebook is inappropriate information being shared by the 87 million people, with the now-defunct British political consulting firm in Cambridge Analytica.
The FTC and the Department of Justice, which enforce the antitrust laws in the United States, are also gearing up in order to investigate whether or not the tech giant Amazon.com Inc., Apple Inc., Facebook and the Alphabet of Google’s abuse of their tremendous power in the marketplace.
The company’s move to achieve a quick settlement of the FTC investigation has been partly supported by the e-mail, according to the WSJ report. The Magazine said that it was not possible to determine which e-mails the FTC has made, and how many of them are related to can be Done.
Facebook said it has fully co-operated with the COMMISSION investigation, up to and including the date of, and have provided tens of thousands of documents, e-mails and files.
“Facebook and its board members, including Mark, who at all times strive to comply with all applicable laws, and will not at any time, the Note or any of the other Facebook employee knowingly violated any of the obligations of the company under the FTC’s consent order,” a spokesman for the company said in an e-mail.
The company has previously said it is preparing to pay as much as $5 billion in a settlement with U.S. regulators.
The WSJ report said that it was not able to determine whether or not the e-mail and reveal practices that violated a 2012 agreement with the FTC to ensure the privacy of the user.
Reporting Sayanti Chakraborty in Bengaluru; Editing by Maju Samuel