Facebook is off the hook.
The Federal Trade Commission announced that the FTC and Facebook have “settled” on terms to punish the social network.
Facebook heads agreed to conduct 10 privacy audits in the next 20 years, ACTUALLY delete information Facebookers delete from the site and require users to opt-in to any new privacy settings.
These changes may be too late.
Since 2007, Facebook’s worth has increased from $15 ro $100 billion dollars after flirting with user privacy.
That’s right…$100 BILLION.
EPIC, the group that triggered FTC’s involvement, considers the settlement weak and unjust.
On Facebook’s payroll, two former members of the FTC were commissioned to help its cause.
Talk about an ace in the hole!
Facebook kingpin Mark Zuckerberg issued the following statement:
I think we have a good history of providing transparency and control over who can see your information.
Right…Facebook and privacy have always been transparent.
Facebook wins again.
[Image via WENN.]
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