Facebook has been playing with fire and has got its fingers burned, again. On November 29th America’s Federal Trade Commission (FTC) announced that it had reached a draft settlement with the giant social network over allegations that it had misled people about its use of their personal data.The details of the settlement make clear that Facebook, which boasts over 800m users, betrayed its users’ trust. It is also notable because it appears to be part of a broader attempt by the FTC to craft a new privacy framework to deal with the swift rise of social networks in America.
http://www.economist.com/node/21541047