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CEO Mark Zuckerberg wrote a blog post late yesterday, responding to user concerns about a recent update to Facebook's Terms of Use (casually labeled "TOS" for "terms of service").

The TOS, changed on February 4, stipulates that Facebook owns all content uploaded onto the site, including material posted by users that shut their accounts down after February 4. The company also reserves the right to sublicense the content as it sees fit.

"Our philosophy is that people own their information and control who they share it with," Zuckerberg wrote yesterday. "When a person shares information on Facebook, they first need to grant Facebook a license to use that information so that we can show it to the other people they've asked us to share it with. Without this license, we couldn't help people share that information."
 
Read the full story on MarketingVOX