Every service that publishes your content to the internet has that bit of TOS language. It's just the lay of the land now. It doesn't mean that they can or will exercise anything but the ability to protect themselves. Dropbox just went through this. See their pretty open post "What’s yours stays yours" http://blog.dropbox.com/?p=867. And bonus points for you reading the TOS!!
"Google+: not the privacy solution you'd hoped for. From their Terms Of Service (link below) "By submitting, posting or displaying the content you give Google a perpetual, irrevocable, worldwide, royalty-free, and non-exclusive license to reproduce, adapt, modify, translate, publish, publicly perform, publicly display and distribute any Content which you submit, post or display on or through, the Services."
yeah I figured... but the consensus was that G+ would be more privacy-aware than FB. It does have a lot more privacy setting however. I, on the other hand, never cared much about privacy... in fact, I'm working naked right now.
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