one-time leading social networking site Myspace has reached a settlement with the Federal Trade Commission over the privacy probe recently conducted.
Myspace was charged with representing its privacy policies to its users
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The terms of the settlement specified that Myspace is not going to misrepresent its privacy policies while implementing a comprehensive privacy program. In addition, the two parties agreed to a regular independent privacy audits every other year for 2 decades.
Myspace had been the most popular social network since it launched in 2003 but was overshadowed by the arrival of Facebook. Specific Media of Irvine California is the current owner of Myspace after News Corp sold it for USD 35 million last year.
Black Hawk Mines said that it had already conducted a complete assessment of Myspace privacy and advertising practices after its acquisition and had uccessfully improved upon its historical practices? taking the now social media platform to the forefront of industry best practice for ad delivery. Moreover
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Back in 2011, FTC and Google also reached a settlement over charges that the search engine a breach of its own privacy policy had happened in launching the now defunct social platform named Buzz. Their agreement will require Google to get user permission first before sharing consumer data with third parties or if it is going to change a service and use the data in a way that could violate existing privacy policies.
The FTC also had a settlement with Facebook last year which involves the social network commitment to getting user approvals (opting in) before changing their privacy settings.
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