META has announced a new private policy for social media companies Facebook and Instagram.
The new policy will take effect this summer.
“Our goal with this update is to be more clear about our data practices,” Meta wrote in a Post announcing the changes.
The update does not affect other apps in the Meta family like WhatsApp or Messenger Kids.
Notifications regarding the policy and its progress started on May 26th and will continue until fully implemented on July 26th.
No action is needed from the user at this time.
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Meta continuously iterated the new policy does not give them any additional rights to your data.
“While the text looks different in many places, Meta is not collecting, using or sharing your data in new ways based on this policy update and we still do not sell your information,” the company wrote in the announcement blog.
“While the language looks different in many places, this update doesn’t allow us to collect more types of data or use it in new ways,” Meta Chief Privacy Officer of Product Michel Protti wrote in an email.
Facebook does collect user information, including location data, to customize news feeds and optimize features of the site for businesses and individuals.
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Im 2018, Meta founder Mark Zuckerberg endured over 600 questions from Congress over Facebook’s use of user information.
CNBC quoted Zuckerberg saying at the time “We have a responsibility to protect your data, and if we can’t then we don’t deserve to serve you.”
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Meta tumbled through their worst day ever on the stock market when their value dropped 26% on February 2nd.
Zuckerberg knows a private policy update won’t save the company -but he’s betting the metaverse will.