Facebook-FTC Deal: Clean Up Before the IPO!
November 11, 2011
As Facebook prepares for an IPO, it agrees to 20 years of privacy audits by the Federal Trade Commission. The privacy audits and deal prohibit Facebook from making public privately shared information, unless Facebook gets express permission. Google had reached a similar deal with the FTC in March.
Our perspective: The FTC is the best agency for tech companies to deal with. It is more cooperative than the FCC, and not nearly as heavy handed.