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I took a few a minutes to change my default settings but according to Facebook I am in the minority. However given the length of the new policy, I think it’s safe to predict that sooner rather than later someone will challenge Facebook’s new policy and sue them for Copyright infringement and/or Right of Publicity. And while Facebook claims that users acquiesce to the policy by using the service, as the policy gets longer and more complicated, Facebook’s ability to prove consent in court gets more and more difficult.
Till then I am, as Facebook put it when I changed the default setting, happy to decline the many benefits of the “New Facebook Experience.”