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The move may be designed to widen the network's reach and bring the millions of kids already using Facebook in line with regulators.

Under the settlement, Facebook has agreed to get user approval before making any privacy changes.

The previous estimate was 50 million. Facebook also said "malicious actors" abused a feature that allowed users to find each others' phone numbers and email addresses. The feature is being disabled.

Facebook CEO Mark Zuckerberg breaks his silence on the controversy surrounding allegations that Cambridge Analytica exploited users' data. And, Congress unveils a $1.3 trillion spending bill.

The new privacy guidelines are one-third their previous length. But experts say it doesn't change how much data the company will continue to gather from users.

Facebook says that by next year people on apps like Whatsapp and Messenger will be able to basically text payments. This news comes as regulators are asking if the tech giant is already too powerful.

Facebook announced Tuesday it plans to create its own digital currency, called Libra. It's a way for Facebook to play the role that governments play in issuing money.

"As unprecedented numbers of people channel their political energy through this medium, it's being used in unforeseen ways with social repercussions that were never anticipated," says Facebook.

COO Sandberg talks about the miscalculations that made it possible for the research firm Cambridge Analytica to collect data on as many as 87 million users without their permission.

CEO Mark Zuckerberg, who previously considered such claims free speech, said his thinking has "evolved." Survivors had lobbied the social network to remove posts that deny the Holocaust.