WASHINGTON - Facebook has agreed to settle an investigation by the Federal Trade Commission into deceptive privacy practices, committing to cease making false claims and to submit to independent audits for 20 years.
http://www.reuters.com/article/2011/11/29/us-facebook-privacy-idUSTRE7AS21J20111129
FTC said that Facebook had repeatedly violated laws against deceptive and unfair practices. For example, it said Facebook promised users that it would not share personal information with advertisers, but it did.