“The social networking service Facebook has agreed to settle Federal Trade Commission charges that it 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 proposed settlement requires Facebook to take several steps to make sure it lives up to its promises in the future, including giving consumers clear and prominent notice and obtaining consumers’ express consent before their information is shared beyond the privacy settings they have established.”
It’s a slap on the wrist for Facebook but nothing more. What happens if Facebook fails to meet the new conditions?
The damage had already been done so the FTC settlement is quite meaningless. Nowadays, Facebook can be upfront about what it does with data and people will agree anyway.
Lying to customers and screwing them over are the cornerstone’s of marketing and a free market, what would you suggest? Put the CEO in jail?
People will buy products, realize how shitty they are and then defend them with their life! Because once the money is gone and there’s no way back, that product, that decision, is part of them and their identity!
This is one of the times when I wish there was a thumbs-down button for stories. (Even though the meaning of the thumbs-up is not obvious for me either. Is it supposed to mean that I am happy for the news item, or that I am happy that it was featured on OSAlert? For this one I’m unhappy for the story itself but happy for it appearing here.)
This settlement brings too little too late for the consumers whom the FTC is supposed to protect. It just gives the message that companies can do anything they want with private information until they are told otherwise by the FTC, which seems to have taken 2 years for a big name like Facebook, and probably longer (if ever) for companies that are not so much in the spotlight.
I’m not sure if this agreement has been overseen by a judge, but I sincerely hope that it will be, and that the judge will impose stronger terms. The following somewhat related news item gives some hope that there are cases when the watchers are being watched.
“Judge rejects $285 million SEC-Citigroup agreement”
http://www.usatoday.com/money/industries/banking/story/2011-11-28/c…