US FTC Grants Final Approval to Facebook Privacy Settlement
The U.S. Federal Trade Commission has approved a settlement with Facebook related to charges that the social networking leader deceived consumers regarding the privacy of their data.
The settlement stipulates that Facebook must obtain users' consent before sharing their information "beyond established privacy settings."
However, the settlement also states that Facebook denies the FTC's allegations and makes no admission of guilt.
The settlement was proposed in November of last year, and went through a public comment period.
The FTC alleged that Facebook told its users that they could keep their information on the site private, but then "repeatedly" allowed it to be shared and made public.