Facebook Privacy Panic: It's Just A Viral Hoax

Fact check: Contrary to the viral cure-all circulating across Facebook and the Internet at large, there is no simple fail-safe text to post that will deter Facebook from controlling your personal data. There is no magic bullet to keep your social privacy private. And in fact, you may not really need one.  First, just having a profile basically puts your fate in Facebook's hands. Second, Facebook's policy is that users already own their own content. Unless of course, you don't. What? Double-speak aside, as long as you own the intellectual property of the material you're posting, the site doesn't. But, if you don't, they do. It's all in the fine print that no one, save Ivy League lawyers, can understand.  So just what the hell is going on to have prompted this new facepanic? Status Updates Last week the Menlo Park company updated its privacy policy to basically strip th...