Facebook reached a tentative settlement with the Federal Trade Commission on accusations that it deceived consumers that their private information on the social network would remain private when it wasn’t. Mark Zuckerberg announced the creation of two chief privacy officer posts, one for policy and the other for products. Zuckerberg: “I’m the first to admit that we’ve made a bunch of mistakes. 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 overshadowed much of the good work we’ve done””]
Source: https://www.cuinfosecurity.com/facebook-ftc-settle-over-privacy-deceptions-a-4282