On Tuesday, the Federal Trade Commission officially set new rules and guidelines to be implemented against Facebook, the giant social network, and impliedly, to all other social networks.
These new rules were set in line with the settlement made by the commission along with Facebook, about the need for further transparency about the privacy settings and practices that the network employs. This was also to put a stop to the privacy issues that have been hounding the new changes that the giant network has made lately.
For the next 20 years, Facebook must now submit itself, bi-annually to an oversight board which will be reviewing its privacy policies and which will be making the necessary recommendations for the time being.
The network, however, does not find any problem with these new regulations. According to its founder, Mark Zuckerberg, the company has already made the necessary tweaks with regards the privacy issues that have hounded the company and have resolved them accordingly.
According to experts, this new rules and regulations, though directed at Facebook – may actually affect the newer social networks even more. This is because they agree with Zuckerberg’s statement that Facebook has already made the necessary changes to its policies, while there are still some newer networks that have not.
To make the story short, the message of FTC to all social networks is this: One must always value its users (most especially their privacy) over its advertisers. Otherwise, sanctions may be imposed. And indeed, this will certainly a lot more privacy for the many social network users in the world today.