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Facebook Looking Ahead at New Governing Policy

Facebook proposed guidelines and a statement of rights and responsibilities governing its relationship with users. The social networking service called for user comment on the principles, which include "Ownership and Control of Information" and "Transparent Process." Facebook further committed to "open up Facebook so that users can participate meaningfully in our policies and our future." Facebook's announcement follows last week's abandonment of changes to its Terms of Service on the eve of an EPIC complaint to federal regulators.

Facebook open-sources its terms of service, CNET.news.com, February 27, 2009