Facebook's Eroding Privacy Policy

This article shows the different privacy policies of facebook. You can see as it slowly changes over time, getting worse and worse.

A lot of people either blissfully are ignorant of this or dont care since facebook provides something in return like say - convenience. Thats a wrong attitude since losing your privacy has very real consequences
in reference to:

"Since its incorporation just over five years ago, Facebook has undergone a remarkable transformation. When it started, it was a private space for communication with a group of your choice. Soon, it transformed into a platform where much of your information is public by default. Today, it has become a platform where you have no choice but to make certain information public, and this public information may be shared by Facebook with its partner websites and used to target ads."

Viewed together, the successive policies tell a clear story. Facebook originally earned its core base of users by offering them simple and powerful controls over their personal information. As Facebook grew larger and became more important, it could have chosen to maintain or improve those controls. Instead, it's slowly but surely helped itself — and its advertising and business partners — to more and more of its users' information, while limiting the users' options to control their own information.

- Facebook's Eroding Privacy Policy: A Timeline | Electronic Frontier Foundation (view on Google Sidewiki)