Reuters' publication revealed that fewer than half of Americans now trust Facebook to obey us privacy laws. But the FTC is confirming that it's investigating the social media giant's privacy practices in the wake of Facebook's potentially illegally misuse of personal data belonging to millions of Americans.
"Facebook has made promises about users' privacy in the past, and we need to know that users can trust Facebook", the letter said. The chairman, Damian Collins, said his panel has repeatedly asked Facebook how it uses data.
The FTC now has questions about how Trump consultants got access to Facebook data.
German Justice Minister Katarina Barley met Monday with Facebook officials, later calling for stricter regulation and tougher penalties for companies like Facebook.
The thing is, it doesn't yet appear that Facebook broke any laws or used data without permission; rather, the data seems to have come by way of another unclear permission opt-in for Facebook apps.
Internet company Mozilla Corp, Germany's second-largest bank Commerzbank AG (CBKG.DE) and British advertising group ISBA all suspended advertising on Facebook last week.
Facebook said in a statement on Monday that the company remains "strongly committed" to protecting people's information and that it welcomes the opportunity to answer the FTC's questions.
The Federal Trade Commission is investigating Facebook's privacy practices following a week of privacy scandals including whether the company engaged in "unfair acts" that cause "substantial injury" to consumers.
The consumer agency's announcement sent Facebook's stock price down another 2 percent, after a 14 percent plunge last week cut the company's market value by $90 billion. Facebook reached a settlement with the FTC in 2011 offering privacy assurances, though the FTC's probe may extend to Facebook's compliance with U.S. -EU principles for transferring data.
In response to an email inquiry by Ars Technica about this data gathering, a Facebook spokesperson stated, "The most important part of apps and services that help you make connections is to make it easy to find the people you want to connect with".
"We have a responsibility to protect your information", Zuckerberg said.