Although sold as a "privacy" revamp, Facebook's new changes are obviously intended to get people to open up even more of their Facebook data to the public. The privacy "transition tool" that guides users through the configuration will "recommend" — preselect by default — the setting to share the content they post to Facebook, such as status messages and wall posts, with everyone on the Internet, even though the default privacy level that those users had accepted previously was limited to "Your Networks and Friends"
At this point there's no "if" about it: the Facebook privacy transition tool is clearly designed to push users to share much more of their Facebook info with everyone, a worrisome development that will likely cause a major shift in privacy level for most of Facebook's users
Looking even closer at the new Facebook privacy changes, things get downright ugly when it comes to controlling who gets to see personal information such as your list of friends. Under the new regime, Facebook treats that information — along with your name, profile picture, current city, gender, networks, and the pages that you are a "fan" of — as "publicly available information" or "PAI." Before, users were allowed to restrict access to much of that information. Now, however, those privacy options have been eliminated. For example, although you used to have the ability to prevent everyone but your friends from seeing your friends list, that old privacy setting — shown below — has now been removed completely from the privacy settings page.
Mr. Zuckerberg whatever happened to: ”Our philosophy is that people own their information and control whom they share it with..."