Facebook Owns You

I'm sure by now, a lot of you have migrated over to Facebook for your social networking needs. However, there are a few things that you have to be aware of. If you take the time to read the terms of service you will find that:
1.) Whatever you upload to Facebook can be used by Facebook in anyway forever*1
2.) Even if you delete your account, Facebook has the right to do as it pleases with the content you left behind. It can even sublicense it.*2

*1 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.
*2 The following sections will survive any termination of your use of the Facebook Service: Prohibited Conduct, User Content, Your Privacy Practices, Gift Credits, Ownership; Proprietary Rights, Licenses, Submissions, User Disputes; Complaints, Indemnity, General Disclaimers, Limitation on Liability, Termination and Changes to the Facebook Service, Arbitration, Governing Law; Venue and Jurisdiction and Other.

Hence, budding musicians beware. Never upload anything to Facebook that you are not prepared to give away for free.