Facbook will change ad service to settle lawsuit
Photo credit: AP | Facebook is now testing out ways to allow children younger than 13 on the website, probably by connecting their accounts to their parents' accounts. (May 18, 2012)
Facebook Inc has agreed to allow users more control over how their personal information is used in its "Sponsored Stories" ad feature, part of a deal to resolve litigation against the social networking company.
The potential loss of revenue to Facebook resulting from the changes is the equivalent of about $103 million, in the opinion of one economist hired by the plaintiffs.
A "Sponsored...
