Thomson Reuters
Don't fall for it.
A hoax message that says you're about to lose copyright ownership of your Facebook profile is making the rounds again. Variations of the boilerplate status read along the lines of "Facebook is now a public entity" and "If you do not publish a statement at least once you will be allowing the use your information publicly."
Facebook has been a public company since 2012, and this copy and paste hoax has been circulating ever since then.
The social network has repeatedly said that the copyright warning is fake, and Snopes has been fact checking the meme since 2012.
The truth is that Facebook is a free, ad-supported service that has always collected information about its users. If you're curious about the specifics, check out its privacy policy.