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Business Briefing / Internet

Facebook settles privacy lawsuit

September 22, 2009|Times Wire Reports

Facebook Inc. is shutting down its much-maligned Beacon marketing program, which the Palo Alto firm launched nearly two years ago amid fanfare only to see it generate a storm of privacy complaints over tracking of user activities at partner websites.

Facebook agreed to end Beacon and create a foundation to promote online privacy, safety and security as part of a $9.5-million settlement of a lawsuit over the program.

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