New version requires "Read and modify privacy settings". Hi Okta, I know you mean well but please lets take a moment and put yourself in users` shoes:
There is this app that you sometimes use to make things a bit more convenient. It's not the only way to get things done but it's one of the fastest ones. Now that app needs to gain control about YOUR privacy settings. The privacy controls that is the last tiny bit you can still control on the internet. And this app want's to have the ability to modify things behind the curtains. I'm gonna go with a "Hefty no to that." Even at the cost of uninstalling it..

Edit:
Thank you for your explanation. I do appreciate when developers follow up. Unfortunately (for me), I am not willing to provide that permission. If anything, the internet thought me that privacy cannot be based on honor system.