Yeah okay, I do read some gossip blogs and actually found this relevant article/blog through one of the more popular ones:
It compares the different policies of ownership of personal information of the big networking sites. Like mentioned in class, Facebook retains all your information even when you delete your account. Facebook basically owns everything you provide them, including pictures that you upload. When compared to other networking sites like Myspace, Twitter, LinkedIn and YouTube, Facebook is the only networking site that claims ownership to people's information:
You hereby grant Facebook an irrevocable, perpetual, non-exclusive, transferable, fully paid, worldwide license (with the right to sublicense) to (a) use, copy, publish, stream, store, retain, publicly perform or display, transmit, scan, reformat, modify, edit, frame, translate, excerpt, adapt, create derivative works and distribute (through multiple tiers), any User Content you (i) Post on or in connection with the Facebook Service or the promotion thereof subject only to your privacy settings or (ii) enable a user to Post, including by offering a Share Link on your website and (b) to use your name, likeness and image for any purpose, including commercial or advertising, each of (a) and (b) on or in connection with the Facebook Service or the promotion thereof.