Founder of Facebook, Mark Zuckerberg said that this will "open up Facebook so that users can participate meaningfully in our policies and our future".
Recent update to the Facebook terms and conditions had created an uproar (See what the Consumerist has to say) among the users who claimed that Facebook was taking over their personal data.
Among the new ideals, Facebook has set clear limits as to the ownership of data. It's hoped that the users will be happy over this new move.
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