MySpace
Like most other social networking sites, MySpace has Terms of Service you have to agree to join the site. Most people don’t bother to read the terms because there is so much text, they just press agree. Is that smart or should we take the time to read it?
Considering the content, MySpace have no ownership rights in the content that you post through or in connection with MySpace. But, by signing the agreement, you give them a limited license to use the information you put out, through or in connection with MySpace Services to applications, widgets, websites and other services. This also includes distributing part or all of the MySpace Services and any content included therein, in any media formats and through any media channel. The only thing that will not be distributed outside the MySpace Services and Linked Services is the content marked “private”. Though, this license does not give MySpace the right to sell or otherwise distribute your content outside of the MySpace and Linked Services. If, or when, you remove your content or change the content’s privacy setting to “private”, MySpace will cease distribution as soon as practicable. Notwithstanding the foregoing, if you have agreed to let them use the content in a linked service, MySpace have no obligation to get the content deleted.
Looking at the privacy, MySpace Members may choose to provide or store non-personally identifiable information (non-PII) in their profiles, including date of birth, interests, hobbies, lifestyle choices, videos and/or pictures and so on. The Profile Information in a member’s profile is provided at his or her sole discretion. MySpace members can change their registration PII and profile information at any time. Through the “Edit Profile” they can control how visitors, other members and MySpace communicate with them by controlling their account settings.
References:
French, A 2009, Facebook terms of services compared with MySpace, Flickr, Picasa, YouTube, LinkedIn, and Twitter, viewed 27 August 2011,
http://amandafrench.net/blog/2009/02/16/facebook-terms-of-service-compared/
MySpace.com Terms of Use Agreement, 2009, viewed 27 August 2011,
http://www.myspace.com/Help/Terms
Privacy Policy, 2010, viewed 27 August 2011,
http://www.myspace.com/Help/Privacy

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