Whether true or not, it is still good to take this step.
This was the message I received:
"On Friday, Facebook will start using your photos in ads targetting your contacts and FB friends. It is legal and was mentioned to you when you opened an account.
To PREVENT this, do the following:
Account Settings (top right arrow [drop down])
-> Facebook Ads (left side last option)
-> Edit third party ad settings
-> Choose "NO ONE"
-> Save Changes"
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