Facebook settles lawsuit calming 'sponsored stories' ads benefited from users' 'likes'

Social networking giant Facebook has agreed to settle a lawsuit that claimed its so-called 'sponsored stories' advertisements benefited from users' 'Likes' without giving them compensation or a chance to opt out

Sponsored Stories appear on Facebook users' pages with information taken from their friends that can include their Likes, names and pictures

According to a Bloomberg report, the lawsuit, filed last year by five Facebook users, called the advertisements a "misleading advertising scheme.

Meanwhile, Facebook has not disclosed the terms of the settlement, The Los Angeles Times reports

The settlement was disclosed in a court document filed Tuesday in federal court in San Jose. (ANI

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