Before I found the article that I took these points from, I was already considering bailing on FB. At this point, I think I'm going to be gone by 2013.
My opinion of "social media" has now dropped to an all-time low.
Your Mileage May Vary.
A company that has made billions by gathering people's personal information and using it to sell ads;
A company whose original privacy statement was a simple sentence but now is longer than the U.S. Constitution and requires a law degree to understand;
A company that has continually pushed people to "share" more of their private information in order to use Facebook;
A company that just four days ago was criticized by the Electronic Frontier Foundation for yet another creepy experiment that would let people pay money to send mail to your inbox, which is just the latest in a long line of criticisms brought by the EFF;
A company that once claimed it wasn't tracking users when they were logged off, only to turn around and admit that it was, just before someone reported that Facebook in fact had applied for and received a patent on technology that would do exactly that;
A company that once got caught trying to run a clumsy covert smear campaign against Google;
A company that once settled claims brought by the FTC that charged Facebook had deceived consumers and violated federal law;
A company that ran a scuzzy IPO marred by allegations of self-dealing, one in which insiders got info about weak revenues and backed away from the deal even as Facebook was touting the stock to suckers, raising both the price of the shares and the number of shares for sale;
A company that has since been the subject of an investigation by the state of Massachusetts. which led to fines levied against its bankers and fears that authorities "will throw the book at Facebook" in 2013 and that "the real liability to Facebook and Morgan Stanley is yet to come";
A company whose Instagram subsidiary recently caused outrage by changing its terms of service but then walked those changes back.