Does Facebook Own Our Content? Perpetually???

I became aware of this just today, but it seems that Facebook has changed its terms of use, effective this month, to one that grants it rights to our uploaded content—seemingly perpetually!

Check this out: Facebook Privacy Change Sparks Federal Complaint

Seems that the new Terms of Use, effective this month, grants Facebook an “irrevocable, perpetual” license to use your “name, likeness, and image” in essentially any way, including within promotions or external advertising”—even AFTER we cancel our accounts and delete our stuff!

What do you think?