Facebook, FTC reach settlement, Zuckerberg confesses 'a bunch of mistakes'

Facebook and the Federal Trade Commission have reached a settlement over consumer deception charges dating back to 2009. The commission claimed that the social networking giant made public information it promised to keep private, thanks to changes in site terms. According to the terms of the deal, user feedback will be required before the site makes changes to policies for sharing data. Mark Zuckerberg addressed his company's on-going privacy issues, admitting to "a bunch of mistakes," adding,

In particular, I think that a small number of high profile mistakes, like Beacon four years ago and poor execution as we transitioned our privacy model two years ago, have often overshadowed much of the good work we've done.

Zuckerberg assured users that Facebook is making a "clear and formal long-term commitment" to privacy tools.