FTC Lets Facebook Off the Hook With No Fines for Repeatedly Deceiving Users About Privacy [Facebook]
The FTC has accepted a settlement over its allegation that it repeatedly misled its users about privacy. Facebook was accused of telling users they could keep their information private and then repeatedly disclosing it anyway. Facebook won't take a fine for the privacy violations. Sigh Under the settlement, the FTC will monitor the company closely for the next 20 years and if it screws up again, Facebook could face fines of $16,000 per violation. Multiplied by millions and millions of users that might actually be enough to keep the Zuck and his cohorts in line. Facebook originally agreed to settle the FTC's eight-count complaint back in November 2011, but the complaint had to go through a public comment period before it could be approved by a judge as actually being in the public's best interest. Under the settlement Facebook will finally be bound to some rules many people feel like it should have been abiding by in the first place. But wait, seriously? It's pretty unb...