Facebook Settles Beacon Lawsuit
A while ago, I wrote a lot about Facebook’s Beacon on this blog:
A class action suit was initiated against Facebook, and recently, a settlement agreement has been reached. According to the WSJ:
Facebook Inc. said Friday it settled a class-action lawsuit related to its Beacon Web product, a controversial service that displayed actions that users took on other Web sites back on Facebook.
As part of the settlement, which is pending approval in the U.S. District Court of the Northern District of California, the social-network concern will shut down the Beacon service, which it has been phasing out but which is still being used by a small number of Web sites, according to a Facebook spokesman.
The company will also pay $9.5 million to create a foundation to fund products that promote online privacy, safety and security, the spokesman said. The settlement was submitted to the court late Friday evening.