Additionally, tech giant announced it will inform users if their data was shared with Cambridge Analytica on April 9 with an advisory on Facebook's homepage.
In the wake of the revelations, the company has endured widespread backlash and financial repercussions, including a sharp decline in its stock price. CEO Mark Zuckerberg apologized for the company's participation in the scandal in nine full-page newspaper ads in the United States and United Kingdom, and is due to testify before Congress about Facebook user privacy on April 11.
A blog post written by Facebook's Chief Technology Officer Mike Schroepfer on Wednesday outlines a series of sweeping changes to Facebook's user privacy policies.
"Overall, we believe these changes will better protect people’s information while still enabling developers to create useful experiences," he wrote.