Facebook is holding a press conference this morning where the company’s founder and CEO Mark Zuckerberg will discuss Facebook’s progress in bringing enhanced and simpler privacy controls to the popular social networking service. Since Facebook’s last round of updates, the company has come under growing pressure to safeguard its users’ privacy and offer simplified privacy settings. Earlier this week, Zuckerberg acknowledged that the company has “made a bunch of mistakes” lately and we expect Facebook to announce how it plans to regain its users’ trust today.

Note: As an experiment, we will use Google Wave to live blog this call. We recommend you use Google Chrome or a recent version of Firefox or Safari to follow along. For now, this Wave is read-only. We plan to open it up for comments after the event is over.

The press conference is scheduled to start around 10:30am PT (1:30pm ET).

frederic lardinois