[arthurgibson]

Specifically, under the proposed settlement, Facebook is:

"barred from making misrepresentations about the privacy or security of consumers' personal information;"

Is this implying companies are allowed to lie? Seems redundant.

[johnthedebs]

I think what it means is that, in this case, the FTC gets to watch and make sure Facebook complies. If they don't, they get penalized for it. FTA:

The proposed order also contains standard record-keeping provisions to allow the FTC to monitor compliance with its order.

and then further down:

Each violation of such an order may result in a civil penalty of up to $16,000.

I really hope that's up to $16,000 per person for each violation.

[seiji]

The next site-wide privacy snafu will cost $11 trillion dollars.

[freehunter]

It sounds to me like they're just reiterating the law that's already in place, highlighting that Facebook has been violating it.