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.
If that’s not bad enough, read the “Termination” section:
The following sections will survive any termination of your use of the Facebook Service: … Licenses …
Since I’ve been alerted to Facebook’s new terms of service, I will not longer be importing the posts from this blog to Facebook’s Notes application. Further, I will no longer be importing photos via the “my flickr” application or directly into Facebook’s default photo application.
Facebook is now just an elaborate address book to me.
Update: Consumerist has a nice summary and highlights that if you restrict your privacy settings then you may not be as exposed to the drastic licensing provision quoted above.