FTC to Facebook: We're Watching You

Social network must obtain users' permission before sharing data

The Federal Trade Commission put Facebook on formal notice Friday, approving a settlement to make sure the social network can't play fast and loose with the privacy of its one billion users.

To ensure it lives up to its promises, Facebook must give consumers "clear and prominent notice" and "obtain their express consent before sharing their information beyond their privacy settings," the FTC said. Facebook must also submit to third-party privacy audits for the next 20 years.

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