Facebook settlement over data policy change could see it ask users for consent to change terms in future
A settlement between Facebook and US federal regulators over the site’s changes to privacy policies made two years ago is apparently close.
The Wall Street Journal claims that the settlement over charges that Facebook misled its users with how it would use their personal data, is imminent, and is expected to see the site obtain consent from its users before making other changes to privacy policies.
According to the New York Times, changes to the terms of how Facebook uses that data will see it agree to privacy audits for the next two decades.
The changes made in 2009 saw information such as a person’s gender and their city of residence made available to view to anyone, whereas before users were able to limit the information that was able to be viewed by people they were not ‘friends’ with.
It is expected that this settlement will pave the way for Facebook to float on the Stock Market next year.