privacy policy for social media site

Review the privacy policy for your favorite social media site (Facebook, twitter, etc).  Answer the following questions in a narrative format:

1. What information is being collected about you?

2. How is that data being used?

3. Who is the data being shared with?

4. Do you have the ability to manage that data being collected?

After answering these question please describe your reactions.  Were there any surprises that you didn’t expect?  Do you have any legal recourse to protect your privacy in the event of a breach?  Does your research make you want to reconsider using that social network?