Facebook users angered about Beacon, a service that broadcasts users' transactions with partner Web sites, have settled their class action suit claiming Beacon disclosed personal information for advertising purposes without their consent. As part of the deal, Facebook has agreed to terminate Beacon. In addition, Facebook pledged to pay $9.5 million to set up a foundation devoted to studying online privacy, according to court records.
$9.5 Million Facebook Settlement Will Set Up Online Privacy Foundation
The American Lawyer
September 23, 2009