Today, the European Commission and consumer protection authorities have welcomed Facebook’s updated terms and services. They currently clearly explain how the corporate uses its users’ information to develop profiling activities and target advertising to finance their company.
The new terms detail what services, Facebook
sells to 3rd parties
that are based on the employment of their
user’s information, how consumers can close their accounts and under what reasons accounts can be disabled. These
developments come after exchanges, which aimed at getting full disclosure of Facebook’s business
model in a comprehensive
and plain language to users.
Vera Jourová, Commissioner for Justice, consumers and Gender
Equality welcomed the
agreement: “Today Facebook finally shows commitment to more transparency and simple language in its terms of
use. A corporation that wants to restore consumers trust after the Facebook/ Cambridge
Analytica scandal should not hide
behind complicated,
legalistic jargon on how it’s making billions on people’s information. Now, users can clearly understand that
their information is used by the social network to
sell targeted ads. By joining forces, the consumer authorities and the European Commission, stand up for the rights of
EU consumers.”
