Facebook announced it will update its terms of service as of Jan. 1, 2015. Facebook also is updating its cookies policy (new policy vs current policy); updating its policies to explain how it gets location information on users. The update features a new ‘Privacy Basics’ page that will provide information on how to control information. It will also give users extra powers to opt out of advertising and to understand how Facebook uses data collected on users
The site said it was also testing out a ‘Buy’ button that allows users to purchase things without leaving Facebook. The changes will be put into place on January 1, 2015. Facebook said that it welcomed feedback on the new policies.
The new policies will also give more information on how data such as location, battery and signal strength — which is taken by mobile apps — are used by Facebook. The company says that location data helps serve relevant ads to users, and that taking information on battery and signal the app can make sure it works well.
No settings will be changed by the update, which will instead provide extra information to users so that they can make the changes themselves.
“Protecting people’s information and providing meaningful privacy controls are at the core of everything we do, and we believe these announcements are an important step,” the company said.
Here is a video which will let you know more about Facebook