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is facebook selling user-generated content to advertisers?

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Are you a Facebook user? Have you reviewed the way you control or share information on this social network giant? I'm sure you are already aware that Facebook is not just there to give us all the perks of providing leisure and fun time for us to keep up with friends, share photos and videos, or play the many online games that are there to steal minutes or hours of our time. Yes, Facebook makes money too - from sponsors and advertisers. In fact, I heard they are capitalizing on user-generated content as well. They can make money from our simple activities on the site such as "liking" brands or products or even check-ins to stores when advertisers would pay for such content to be published so that it becomes an effective form of word-of-mouth advertising. If you haven't noticed it yet, look through the "Sponsored" part of your Facebook page to the right. More often than not, you would see the name of your friend "liking" a brand, company, or we