Board oversight of privacy practices + execs, quarterly reports, reviews of new launches for material privacy risks that are documented = evidence for FTC to scan for potential future deception cases. Again, though, y'all can debate as to whether that's enough or if it'll work

— Tony Romm (@TonyRomm) May 3, 2019

I'll let the true privacy experts war over whether this settlement is good or bad. But I walked away from my reporting feeling like the agency would get to sink its teeth into every level of the company in a way that'd open the door for much closer analysis of its biz practices

— Tony Romm (@TonyRomm) May 3, 2019

Facebook is definitely ready to have an FTC seal of approval for everything it does so that when something goes wrong and say “don’t look at us. The FTC approved this!!” https://t.co/yb7hlnYwJG

— Casey Newton (@CaseyNewton) May 3, 2019

Wonder what a quarterly privacy safeguards report approved by the Facebook CEO will look like.

“They trust me. Dumb fucks.” https://t.co/4XJ1kXdFGN

— Sandeep Chandur (@schandur) May 3, 2019

SCOOP: Facebook told FTC it's willing to accept vast new oversight to settle probe:
- Privacy reviews of new products
- Quarterly reports to independent board members
- New obligation to monitor 3rd party apps
- Reporting future incidents to FTChttps://t.co/PfWPZ4QA3V

— Tony Romm (@TonyRomm) May 3, 2019

And so then comes the tough political and legal calculation:

First, the FTC is never guaranteed to win in court or obtain the remedies it wants, but a settlement might be less than what they seek to get by its very nature.

— Tony Romm (@TonyRomm) May 3, 2019

On the other hand, FB could walk if the demands are too strong, but the company would take a HUGE hit in a court fight, esp if Zuck was put on the stand.

— Tony Romm (@TonyRomm) May 3, 2019

Facebook agrees to increased federal oversight on #privacy: report - Matt Binder @MattBinder https://t.co/wjXqR30Ohi pic.twitter.com/cpen4xr9iC

— Startpage.com (@StartPageSearch) May 3, 2019