Facebook to update data use policy

Facebook declared on Thursday that the company is updating its data use policy, formerly known as its privacy policy, in an attempt to offer people more clearness on how the company employs information they
share. The Statement of Rights and Responsibilities and Data-Use Policies, two separate documents that govern the way the company handles advertising, user data, and third-party retention of that data, undergo the changing process.
Users can review these changes on the Facebook Web site. Facebook said that the policy changes are in response to an audit by Irish data-protection authorities last year. The commission had asked Facebook to be more transparent about how it collects people's data and uses it for advertising, as well as how long it keeps such information.
The proposed changes include an explicit explanation that users’ name, profile picture and information such as brands they like can be used for “commercial, sponsored or related content.”

For complete details visit Facebook community blog