Facebook ToS

February 4th, Facebook released a new version of their Terms of Service. At first glance, these changes had no effect on the way information was exchanged and most people dismissed the new changes without a second glance. That is, not all took it at first glance, however. After a second viewing of these terms, people began to point out one of the new clauses in particular, the one that said that Facebook had almighty rights to all of the user-posted content for all of time. After an uproar of the digital communitty, Facebook reinstated the old ToS until the new ToS is revised.

I believe the attempt at changing the ToS was nothing more than another way to make money. There is serious money to be made by selling hundreds of millions of people's information, including email and addresses and phone numbers, to advertising companies. There is no reason for Facebook to be able to do that much with the user content as well as there is no reason for Facebook to keep this information long after a user terminates their account.