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Facebook Inc (FB) Promises (Again) That You’re In Charge

Facebook Inc (NASDAQ:FB) is reiterating that you’re in charge of your privacy settings and data.

In an update to its terms of service and in a page claiming “You’re in charge,” the social media giant is continuing with its drive to tell the world that its users are actually the ones in control of their privacy settings and how their data gets used.

The company even promises that for a week, users will be able to make comments and suggestions about these updates.

All of this, of course, is to allay the fear of some people that they are essentially giving away their data to one giant company that’s named Facebook Inc (NASDAQ:FB).

“We hope these updates improve your experience. Protecting people’s information and providing meaningful privacy controls are at the core of everything we do, and we believe today’s announcement is an important step,” Erin Egan, Chief Privacy Officer of the company, said in the update.

Facebook Inc (NASDAQ:FB), second only to Google in this list of the world’s most visited sites, is not foreign to being criticized for the way it handles its user’s data. Just this year, they faced criticism about experimenting on users and for other products which the company forced people to download separately like Messenger.

Facebook, update privacy, updated terms and conditions, is FB a good stock to buy,

With these new updates, the company is promising that people will have easier access to privacy information when they need it as well as gain a better understanding of how the company uses the data they get.

Furthermore, the world’s largest social networking site also promises more convenient purchases. Facebook Inc (NASDAQ:FB) also assured that people now have more control over the ads that they see.

The company said that choices made by users on one device will now automatically apply to all devices that they have. Australia, Canada, France, Germany, Ireland and the UK will now also get the sites ad preferences tool.

Facebook Inc (NASDAQ:FB) shareholders includes Ken Griffin’s Citadel Investment Group which reported owning about 4.58 million shares of the company by the end of the second quarter of the year.