New: A daily newsletter defining what matters in business and markets

Stories

Facebook puts privacy settings front and center

Facebook's new privacy controls
Facebook

Facebook said Wednesday it is updating its terms of service to make its commitment to user privacy more explicit. It's also updating its data policy to better define what data it collects and how they use it as well as make its privacy tools easier to find.

Why it matters: While Facebook says the privacy updates have been in the works for a while, the past two weeks of reckoning around data privacy have put an emphasis on things Facebook should be doing to make privacy options more transparent and easier to understand for users.

Our thought bubble: The company notes that "these updates are about transparency – not about gaining new rights to collect, use, or share data." This means that Facebook is not looking to change how it processes user data or shares it with third-parties, but rather it is trying to be more transparent about the practices they've always employed.

What's changing:

  • Redesigned settings menu on mobile from top to bottom to make things easier to find. (Instead of having settings spread across nearly 20 different screens, they're now accessible from a single place.)
  • Cleaned up outdated settings so it's clear what information can and can't be shared with apps.
  • Creating a new Privacy Shortcuts menu to make information about privacy, security, and ads easier to find. Users can add layers of protection to their accounts (like two-factor authentication), review what they've shared and delete it if you want to and manage who sees your posts and profile information all within the new menu.

The company also says it will create an "Access Your Information" portal to manage their information, such as posts, reactions and comments, and things users have searched for — all of which can be deleted from a users' Timeline if desired from there. From there users can also download a secure copy of all of their data and even move it to another service.

More stories loading.