From the FTC:
Following a public comment period, the Federal Trade Commission has approved a final order settling FTC charges that Myspace misrepresented its protection of users’ personal information. The settlement bars Myspace from future misrepresentations about its privacy practices, requires the company to implement a comprehensive privacy program, and calls for regular, independent privacy assessments for the next 20 years.
The Commission vote approving the final order and letter to the public commenters was 4-0-1, with Commissioner Maureen K. Ohlhausen not participating.
The FTC’s responses to commenters can be found here.