NEW YORK (CNNMoney) -- Facebook has agreed to 20 years of privacy audits to settle a lengthy complaint from the Federal Trade Commission, which says Facebook misled its members about its use of their private data.
Facebook "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 FTC said in its complaint.
The complaint cites several examples of alleged false promises from Facebook, most of which took place several years ago. One example: In December 2009, Facebook changed its website so that some information that users had shared with a private group of friends was made public -- and users weren't warned about the change.
These events "were unfair and deceptive, and violated federal law," the FTC said.
"Facebook's innovation does not have to come at the expense of consumer privacy," FTC chairman Jon Leibowitz said in a prepared statement.
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So that's it???
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