Article about some of the egregious breaks in privacy at Facebook as well as the conditions of the proposed settlement against Facebook (-- still the WORLD wide web, though!)
Facebook has agreed to settle the Federal Trade Commission’s eight-count complaint in which the FTC charged that the social networking service, which is widely used by libraries, had deceived consumers by promising to keep their information private and then repeatedly making it public.
Under the proposed settlement, Facebook is:
barred from making misrepresentations about the privacy or security of consumers’ personal information;
required to obtain consumers’ affirmative express consent before enacting changes that override their privacy preferences;
required to prevent anyone from accessing a user’s material no more than 30 days after the user has deleted his or her account;
required to establish and maintain a comprehensive privacy program designed to address privacy risks associated with the development and management of new and existing products and services, and to protect the privacy and confidentiality of consumers’ information; and
required, within 180 days, and every two years after that for the next 20 years, to obtain independent, third-party audits certifying that it has a privacy program in place that meets or exceeds the requirements of the FTC order, and to ensure that the privacy of consumers’ information is protected.
read more here