Facebook to Report on Its Privacy Efforts to the FTC

Facebook (NASDAQ: FB) is vowing to be more transparent about its privacy policies, announcing it will share its practices with a new board of directors committee and with the Federal Trade Commission. 

In a blog post, the tech company said it plans to place more emphasis on privacy as a company, and will hire a third-party independent assessor to review its privacy practices and report their findings to both the FTC and the board's newly created Privacy Committee of. 

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Source Fool.com