Facebook announced its new privacy policy this morning after a week’s consultation with its users. Michael Richter, FB’s deputy general counsel for intellectual property, product and regulatory affairs wrote the following statement on the Facebook blog:

On Nov. 5, we wrapped up a week-long notice and comment period for a proposed revision to our privacy policy. This was a continuation of our ongoing effort to run Facebook in an open and transparent way. The goals of the revised policy were to make it more accessible and easier to understand.

We’ve spent the last week reviewing each and every one of your comments. While a lot of people participated, the total number of people commenting did not reach the threshold of 7,000 that makes a vote necessary according to our Statement of Rights and Responsibilities. Because of this — and the fact that many of the comments were positive — we’ve decided to adopt the revised policy. We’ll be posting it in English, French, Italian, German and Spanish soon.

In the coming weeks and months, we plan to build on the progress we’ve already made in making the document more accessible by also adding definitions of key terms, screen shots of important pages and informational “learn more” videos. We think these visual resources will make it even easier to understand how privacy works on Facebook.

We received excellent feedback from many of you over the course of the week, and the number of fans for the Facebook Site Governance Page more than doubled. Overall, you supported the proposed changes. For example:

• Most of you liked that we removed more complicated technical and legal terms and replaced them with simpler language that everyone can understand.
• You preferred the structure of the new document, which provides key points at the beginning and easy links to jump to the different sections.
• A few of you asked for a redline version so you could compare the proposed revision to our current policy and see exactly what’s changed. We weren’t able to provide one this time because the policy was completely rewritten, but we think it’s a great idea and are committed to doing it for future proposed changes to our governing documents.

As always, thanks for taking part in this important process. We’re glad to have so many interested and engaged people using Facebook. Stay tuned for future updates by becoming a fan of the Facebook Site Governance Page.