Facebook Owns Your Content Forever

I was none too pleased to see this story on The Consumerist:

Facebook’s terms of service (TOS) used to say that when you closed an account on their network, any rights they claimed to the original content you uploaded would expire. Not anymore.

Now, anything you upload to Facebook can be used by Facebook in any way they deem fit, forever, no matter what you do later. Want to close your account? Good for
you, but Facebook still has the right to do whatever it wants with your old content. They can even sublicense it if they want.