Facebook Readying FTC Settlement Over Privacy [REPORT]

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The proposed settlement would require Facebook to get "express affirmative consent" if it makes "material retroactive changes," according to The Wall Street Journal, which cites "people familiar with the situation." The settlement is still awaiting final approval from the FTC commissioners. Representatives from Facebook could not be reached for comment.

Under the agreement, Facebook would need to submit to independent privacy audits for 20 years, according to the report. Google agreed to similar terms in March, when it settled with the FTC.