Myspace in Privacy-Policy Settlement With FTC

Social-networking service Myspace settled allegations by the Federal Trade Commission that it misled millions of users about its sharing of personal information with advertisers, the FTC said.

The settlement, which comes amid social-networking heavyweight Facebook Inc.’s plans to go public, requires Myspace to implement a comprehensive privacy program, calls for regular and independent privacy assessments for the next 20 years, and bars the company from future privacy misrepresentations.

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