For many months now Facebook has had to deal with many vague privacy issues which concerns user information being shared among advertisers. A complaint at the Federal Trade Commission (FTC) has shown that Facebook has been deceptively using private information without the proper or legal consent from its 800 million users.
Co-Founder and current CEO of Facebook, Mark Zuckerberg admits to the mistakes concerning their privacy policies but does not accept any wrongdoings from their part.
“That said, I’m the first to admit that we’ve made a bunch of mistakes. In particular, I think that a small number of high profile mistakes, like Beacon four years ago and poor execution as we transitioned our privacy model two years ago, have often overshadowed much of the good work we’ve done.”
Despite the settlement between FTC and Facebook, Jeff Chester, executive director for the Center for Digital Democracy, in a statement said
“They misled consumers and should pay a price beyond a 20-year agreement to conduct their business practices in a more above-board fashion,”
FTC will fine $16, 000 per day for every for every violation if it fails to abide with privacy laws.