Facebook reaches 1 billion users markWhat has set the panic bell ringing on the social media website Facebook? It is the message regarding the privacy of your content. The message has gone viral on the Facebook and says:  “Facebook is now a publicly owned company anything that you as a user share on the site is public property and therefore open to commercial use”.

Here’s the message posted below for your benefit:

In response to the new Facebook guidelines I hereby declare that my copyright is attached to all of my personal details, illustrations, comics, paintings, professional photos and videos, etc. (as a result of the Berne Convention).

It is clear that the message is a hoax as Facebook going public means  that they are not abiding with their copyright agreement.

CBS News points out the fact  ” Facebook members own the intellectual property (IP) that is uploaded to the social network, but depending on their privacy and applications settings, users grant the social network “a non-exclusive, transferable, sub-licensable, royalty-free, worldwide license to use any IP content that you post on or in connection with Facebook (IP License).”

It’s important to note here that such a message has no binding on Facebook because when a user signs up on Facebook, she also signs on a statement that says, “You own all of the content and information you post on Facebook, and you can control how it is shared through your privacy and application settings”. However, Facebook has access to the data and it’s able to track your activities online.