The Federal Trade Commission seems to have reached a settlement with Facebook over privacy related issues that they two sides have been litigating since 2012. That, you will remember, was the midpoint of the Obama administration.
The gist of that lawsuit was that Facebook had been making deceptive claims to its users about their ability to control the privacy of their personal data. It offered settings which were suppose to limit access to their data to those they designate as their Friends. But the same information is in fact made available to a lot of other parties, such as the developers of the apps those friends use.
As a general rule, folk: if you aren't paying for something, you aren't the customer. You're part of the product. Facebook's whole business model depends upon SOMEBODY being willing to pay money for the data stream you generate by using the site for all the free fun in provides.
The new settlement won't change that.
Informational privacy is pretty much a lost cause. As the kids say, "deal."
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