The potential settlement of Facebook Inc with federal regulators over the breaches of consumer data privacy is almost near its completion. Today, citing people who are familiar with the matter, the Wall Street Journal reported that it will likely cover related services such as its WhatsApp messenger.
Last Wednesday, Politico reported that Facebook and the Federal Trade Commission (FTC) were negotiating a possible settlement that would compel the social media giant to create an independent privacy oversight committee and take other steps in order to safeguard its users.
The FTC has been investigating some revelations that Facebook shared information that are belonging to 87 million of its users inappropriately with Cambridge Analytica, a now-defunct British political consulting company. The probe has concentrated on whether the sharing of data and other disputes had some violations to a 2011 agreement with the FTC to safeguard user privacy.
Last week, Facebook announced that it has set aside $3 billion to cover settlements with regulators in the United States of America.
However, the Wall Street Journal report said that it was not immediately clear whether Instagram, a photo-sharing platform that is owned by Facebook, would be covered under the settlement that is being negotiated with the Federal Trade Commission.
Both Facebook and the FTC did not immediately respond to requests for comment regarding the matter.