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FTC approves final settlement with Facebook over privacy issues

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Facebook website pages opened in an internet browser are seen in this photo illustration taken in Lavigny May 16, 2012. REUTERS/Valentin Flauraud

Facebook website pages opened in an internet browser are seen in this photo illustration taken in Lavigny May 16, 2012.

Credit: Reuters/Valentin Flauraud

WASHINGTON | Fri Aug 10, 2012 11:59am EDT

WASHINGTON (Reuters) - The Federal Trade Commission on Friday gave the final approval to a settlement of federal charges reached last year over Facebook Inc deceiving consumers and forcing them to share more personal information than they had intended.

The settlement requires Facebook to get user consent for some changes to privacy settings and subjects the social networking site to 20 years of independent audits.

That settlement was reached last November but was subject to a public comment period and final vote by the FTC.

(Reporting By Jasmin Melvin; Editing by Gerald E. McCormick)
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Comments (2)
Ashishnfl wrote:
Where does settlement money goes? i don’t see user whose info is shared receive anything.

Aug 10, 2012 12:10pm EDT  --  Report as abuse
satori23 wrote:
Dear Reuters, you have ‘mother of all privacy issues’ to act upon.

It’s about US Government deceiving its own citizens and forcing them to share more personal information than they had intended.

http://www.businessinsider.com/trapwire-everything-you-need-to-know-2012-8

Aug 11, 2012 3:17pm EDT  --  Report as abuse
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