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The crisis conference will take place tomorrow afternoon at 4pm (midnight GMT) according to the blog AllFacebook.com.
It follows a letter published by European data protection officials that has branded Facebook's privacy settings as 'unacceptable. Meanwhile an attempt by vice president Elliot Shrage to allay privacy concerns in an interview with the New York Times backfired.
The paper said it had received over 300 questions from readers that showed a growing number of users were confused and worried about how their private information was being treated. Mr Shrage was accused of glossing over their concerns. He explained their policies saying: 'We've worked hard to educate our users about changes to, and innovations in, our products.
'Facebook users receive notices about our new products and whenever we propose a change to any policies governing the site, we have notified users and solicited feedback.However, Facebook's privacy policy has 50 settings and 170 options. It is also 5,830 words long, which is longer that the United States constitution. (Daily Mail)