Find all the terms here.
For content that is covered by intellectual property rights, like photos and videos (IP content), you specifically give us the following permission, subject to your privacy and application settings: you grant us a non-exclusive, transferable, sub-licensable, royalty-free, worldwide license to use any IP content that you post on or in connection with Facebook (IP License). This IP License ends when you delete your IP content or your account unless your content has been shared with others, and they have not deleted it.
This appears to be a straightforward clause that allows FB to show your IP content on their site. They clearly state, prior to this clause, that “You own all of the content and information you post on Facebook.” However, the main sentence of this clause is “you specifically give us [Facebook]…. license to use any IP content that you post on… Facebook.”
The obvious reason for posting IP content on FB is to have people share it, tag it, and like it. And the only way out of this license agreement is to delete your IP content. If it has been shared around the FB networks, then those copies need to be deleted too! That seems almost impossible to do if you have years of IP content and get a reasonable amount of shares on it.
FB appears to not include any simple way to notify those who have shared your IP content to please delete it so that this license can be terminated.
Sneaky twists, those FB billionaires.