Recently, Social Networking sites such as Facebook and Orkut have been instrumental in building bridges between friends; your school-college buddies whom you have never met in years neither you will be able to in the coming years. But the most 'educated' use of it is that these sites allow businesses to connect with both customers and other associated businesses. for eg: One of my friend who is promoting his newly opened restaurant in central delhi by inviting you to join its respective community.The Internet never closes, so advertising through social networking sites has the potential to reach many more customers than using traditional forms of advertising.
But coming back to Facebook brouhaha, It could mean a complete invasion of privacy even after you have deactivated the account - not to mention your details used( read misused) by anyone related closely or remotely to facebook employers.While it gives Facebook some far-reaching and scary possibilities, the basic idea is that things you upload may end up residing on servers outside of Facebook's direct control. These broad rights make it so that you can't sue Facebook for some cached content on some other server, but yes, it also means they can sell your photos or use them in advertising with no recompensation given to you. Now that's a scary thought for sure!!
Now, it seems that the Facebook is backtracking and is temporarily going back to its previous terms. However, the company still plans a revision of the old terms according to a wall post from Facebook CEO Mark Zuckerberg. Let's wait and watch what's been provided in the next installment.Keep a track of this in this tag !!