If you've ever valued your privacy I advise you to watch this and read the summary below. Thanks for the heads up Theory and Rachel - I've copied and pasted their message here:
I even checked this out in their privacy and terms and conditions - it's ALL there.
Scary stuff huh.
For those that can't be bothered to watch the video, I'll summarise it for you.
Facebook collect, store and pass on (sell) ALL your information to 3rd parties and most worrying the US Government (!!). Where it is stored and collated for ambiguous purposes....
In addition to this upon creating a facebook account you agree to them also collecting information about you from other sources, such as and not limited to your use of the internet (including credit card activity) medical records, political affiliations, newspaper stories, instant messenger services, photographs and much much more.
