What the Facebook FTC Settlement Means for Social Media

As usual, Mashable has the scoop. But read on, because they do really seem to minimize the news, even as the first paragraph is meant to capture your attention.

On Tuesday the Federal Trade Commission officially rapped Facebook’s knuckles in a broad-reaching settlement on privacy, alleging the social network misled its users on what they were sharing and with whom. The settlement, which lays out a number of specific rules the service must now abide by, requires Facebook to be much more transparent about its privacy practices going forward.

via What the Facebook FTC Settlement Means for Social Media.