How could facebooks privacy settings affect you later on?

Facebook is one of the biggest networking sites around at this point in time. If it was a country it would be the third largest in the world. However, what will happen to its view on privacy in the future?

Facebooks privacy policy at this point in time is almost 6000 words long. Now how many of us actually read what we agree to on the internet? Not many, if any. You must also remember that this privacy policy can be amended at any time without your notice, so one day you can log on and realise all of the photos, comments and anything else you have published could be accessible to anyone.

This could include family, co-workers or crazy ex boyfriends who guess your password and then change your relationship status back to "in a relationship with -". This has some scary implications and there have been a few cases where people have been fired from jobs as their bosses have found out their employees have not been 'sick' or just bad mouthing the company. Would you like everyone including you 92 year old Grandmother being able to access photos of you when even you weren't sure what you were doing at the time? I don't think so...
Even in the 'chat' box at the bottom of its page where you think you can have private one on one chats to your friends seems dubious. Mark Zuckerberg has been reported saying he can access "emails, pictures and SNS (social networking sites)" whenever he wants.

What I'm trying to say is that we should be more careful what we post. Treat messages, pictures and even emails if you're that paranoid as if they were public, before it is public and matters get out of your hands.