Facebook Settles FTC Charges Over 2009 Privacy Breaches

NEW YORK (CNNMoney) -- Facebook has agreed to 20 years of privacy audits to settle a lengthy complaint from the Federal Trade Commission, which says Facebook misled its members about its use of their private data.
Facebook "deceived consumers by telling them they could keep their information on Facebook private, and then repeatedly allowing it to be shared and made public," the FTC said in its complaint.

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