Undated -- If you spent any time on Facebook today, chances are you saw one of your friends post a message in response to facebook being publicly traded.
It's a status update that's supposed to be a privacy notice declaring they're copyrighting their personal pictures and video.
People who post it believe that by posting it, their content is protected.
We wanted to separate fact from fiction and asked Art MacCord, a partner with MacCord Mason. He said, "People think it's effective but it's not. When you sign up you agree to their terms of service. [...] what you put on your page is available for Facebook to use anyway they want to, as long as it's part of Facebook and as long as you've got the content on their page. If you don't want them to do that, then take your stuff off their page."
According to snopes.com, Facebook members own the intellectual property that is uploaded to the site. But depending on their privacy and applications settings, users grant the social network worldwide license to use any content that you post on or in connection with Facebook.
See Also: CBS News: Viral facebook Privacy Notice Is a Hoax
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