Nov
29

Facebook settles FTC investigation before IPO

From: Vator News

Zuckerberg addresses the public over company’s renewed devotion to ensuring privacy

Just as the Facebook IPO speculation was saturating the technology mainstays, Mark Zuckerberg posted a rare message to announce the settlement reached between the social media giant and the Federal Trade Commission.

The FTC finalized an agreement with Facebook about its privacy standards and practices on Tuesday to assure that the sharing epicenter receives consumers’ approval before it changes the way it shares their data and will have to undergo periodic audits of their privacy practices for the next 20 years.