“I’m the first to admit that we’ve made a bunch of mistakes,”, Mark Zuckeberg said today in regards to settling a privacy complaint by the United States Federal Trade Commission (FTC).
Facebook today agreed to settle complaints by the Federal Trade Commission that they knowingly failed to protect users privacy. They are now subject to a 20 year agreement that requires Facebook to clearly get user consent before sharing material that was previously protected by more restrictive measures. Facebook also agreed to independent reviews of the companies privacy policies.
“Companies must live up to their promises about privacy,” FTC Chairman Jon Leibowitz said on a conference call with reporters. The settlement “will protect consumer choices and ensure they have full and truthful information about their data.”
More after the break