Facebook has agreed to settle charges levied by the Federal Trade Commission (FTC) that it deceived users about keeping their personal information private. According to an FTC press release, the proposed settlement would prevent the company "from making any further deceptive privacy claims, requires that the company get consumers' approval before it changes the way it shares their data and requires that it obtain periodic assessments of its privacy practices by independent, third-party auditors for the next 20 years." FTC Chairman Jon Liebowitz said, "Facebook is obligated to keep the promises about privacy that it makes to its hundreds of millions of users...Facebook's innovation does not have to come at the expense of consumer privacy. The FTC action will ensure it will not."
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