The FTC has accepted a settlement over its allegation that it repeatedly misled its users about privacy. Facebook was accused of telling users they could keep their information private and then repeatedly disclosing it anyway.
Facebook won't take a fine for the privacy violations, but the FTC will monitor the company closely for the next 20 years and if it screws up again, the company could face fines of $US16,000 per violation. Multiplied by millions and millions of users that might actually be enough to keep the Zuck and his cohorts in line. [FTC via IBT