Print 8 comment(s) - last by AerieC.. on Nov 14 at 1:26 PM

Facebook CEO Mark Zuckerberg   (Source: ThirdAge)
Facebook has agreed to take part in independent privacy audits for 20 years

It's no secret that Facebook has had privacy-related troubles in the past and present. The social networking giant has given apps access to user information such as addresses and phone numbers, and released features like facial recognition which automatically recognized people in your photos for speedy tagging. But after battling the issue of user privacy with the U.S. government, a settlement is finally near according to those close to the talks.

The settlement, according to anonymous sources familiar with the matter, would force Facebook to receive consent from users before sharing data that is different from original privacy policy agreements. Facebook would also be required to take part in independent privacy audits for 20 years.

The settlement, however, does not require users to agree to all changes made on the social network. It only prohibits Facebook from making information already available on the site visible to more people than originally intended without user's consent. The settlement doesn't spell out how Facebook should obtain user consent. 

All that's left is the final approval from the Federal Trade Commission (FTC), and it's expected to vote on the proposed settlement within the next few weeks. The FTC could approve it or send it back to FTC employees as well as Facebook for changes.

The U.S. government initially jumped on Facebook's case about privacy after the social network made changes to its privacy settings in December 2009. Facebook made it so that certain parts of a user's profile, such as their name, picture, and city, were public by default. Many users and privacy groups complained, and the Electronic Privacy Information Center filed a complaint with the FTC.

While Facebook preferred a five-year privacy audit commitment, it agreed to the 20-year commitment and has even stepped up to make some useful privacy changes to the site over time. In 2010, Facebook simplified its privacy settings and created a tool that would let users share information with only a group of people. In 2011, the social site started placing privacy controls on the user's profile page for added awareness and even allows users to control who views each post.

Facebook's 20-year agreement and push for a settlement only adds to the speculation that it may file an initial public offering (IPO) in 2012. Nothing has been confirmed regarding an IPO, but it could value the company at up to $100 billion.

Back in September, it was announced that the Irish Data Protection Commissioner, which audits activities outside of the U.S. and Canada, would also probe Facebook about privacy concerns after receiving 22 complaints from Austria-based privacy group Europe versus Facebook.

Source: The Wall Street Journal

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RE: 20 years
By Boze on 11/11/2011 1:44:11 PM , Rating: 2
I'm sure we can find a use for your computation machine.

RE: 20 years
By Dr of crap on 11/11/2011 3:08:42 PM , Rating: 2
I said Facebook, not PCs!
And for the record the PC, desktop and ipad type, will be greatly changed from what wee use now.

Hell the cell will probably be the central processor and you wirelessly hook up to it wil whatever you need to.

RE: 20 years
By wordsworm on 11/13/2011 2:32:31 AM , Rating: 2
He was suggesting that your claim is as foolish as the claim that the PC will be dead in 20 years.

RE: 20 years
By nuarbnellaffej on 11/13/2011 11:50:56 AM , Rating: 2
I couldn't agree more, myspace will be just as popular in 20 years as it is now.... Wait a sec does anybody use myspace still? Oh ya, no-o-o-o-o!

RE: 20 years
By AerieC on 11/14/2011 1:26:06 PM , Rating: 2
Myspace might be dead, but social media as a whole has never been stronger.

You could argue that Facebook might not exist in 20 years, but that will only mean that something similar has taken its place (Google plus perhaps? lol...).

This kind of policy doesn't apply solely to Facebook, but to all social media and its privacy concerns. It's sort of laying a groundwork for future social media endeavors, saying, "We will not accept shoddy privacy policies from social media companies".

"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation

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