The FTC complaint alleged that Facebook shared users' personal information with third parties and advertisers without their knowledge or consent, changed privacy policies without informing users, continued sharing data after users deactivated or deleted their accounts, and did not properly verify the security of apps.
Facebook will now be required to get users' permission before making changes to the way it shares information. They are also required to prevent access to a user's data no more than 30 days after their account is deleted. Violations of the agreement results in a fine of $16,000 per violation per day.
Many have criticized the deal. Noting that Facebook has "two former members of the Federal Trade Commission on payroll," Gawker declared, "This settlement makes a mockery of the idea of holding corporations accountable for their actions."
CEO Mark Zuckerberg addressed the settlement in a blog post. Facebook currently has over 800 million users.
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