[JURIST] The Federal Trade Commission [official website] (FTC) and Facebook [website] settled [settlement, PDF] on Tuesday regarding Facebook’s practices relating to user privacy. The FTC filed a complaint against Facebook alleging that privacy settings on the site failed to apply to third party sites and applications [complaint, PDF]. Under the settlement agreement Facebook must make users fully aware [press release] of all changes in privacy settings that would override their previously consented to settings. Additionally, Facebook will be subject to…