Facebook closes comment period on 'key' policy updates

Social networking site Facebook has closed its comment period on proposed changes to key user policies, explaining how it uses consumer data.

According to The Washington Post, the social network first proposed the changes last week, saying that it was looking to clarify certain aspects of its data use policy and Statement of Rights and Responsibilities.

It includes changes aimed at giving its users better information on how it applies user data to its advertising products, the report said.

The company expects to decide by next week whether it needs to further update the policy in the wake of user feedback.