We all use social media to spread news about ourselves and the world, to post updates and pictures of our lives, to share opinions and thoughts. As such, it's necessary we use this powerful tool responsibly and not participate in the spreading of hoaxes.
Facebook will not be charging you a subscription fee and if you fail to post a copy/pasted status on your wall, your past posts will NOT automatically become public.
As a business protecting its brand, always remember to fact check before spreading information. Proper social media etiquette can strengthen your reputation, build your followers, and create more engagement.
Always remember to use social media responsibly.
Facebook addressed the rumors years ago in a fact-checking blog post regarding the change related to ownership of users' information or content they post to the site.
"This is false. Anyone who uses Facebook owns and controls the content and information they post, as stated in our terms," Facebook stated in the post. "They control how that content and information is shared. That is our policy, and it always has been."
Read more at CBS News