"Our goal is to make the information about Facebook as clear as possible," Erin Egan, Facebook's chief privacy officer, told The Wall Street Journal on Thursday. "Our hope is that it won't take long for people to read through this and really get it."

According to the Journal, Facebook worked with members of the Council of Better Business Bureaus to make the policy more user friendly, and this week, the company is accepting public comments from users to help inform the policy.

But while the revamp may make Facebook's privacy policy easier to understand, it doesn't necessarily make it any easier to keep your information private on the social network.

Though users have the option to opt in or out of sharing information with third-party apps, they still don't have the option to select what type of information is shared, and more importantly, the new data policy still maintains that Facebook has the right to use information people share on Facebook to target ads to them on and off Facebook.