A lawsuit filed in April 2011 against the world's most popular social network over its plans to begin rolling out a new ad program has been settled out of court.
Facebook recently wrapped a case brought over its Sponsored Story program, which would allow users who "Like" advertisers to use that person's profile and photos to appear in ads on friends' feeds, according to a report from Wired
. The settlement allows Facebook users to "limit" but not eliminate use of their information in this way, as well as donating $10 million to charity and paying another $10 million in fees to the lawyers who brought the case.
The company claims that its settlement will cost it some $103 million in ad revenues over two years, but it does not compensate users in any way, the report said.Eduard Goodman
, the chief privacy officer for Identity Theft
911, writes regularly on his official blog about the issues social networking users face when they put their personal information onto these sites.
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