Facebook has just announced the company is reverting back to its previous legal agreements from the new and highly controlling caveats introduced a couple of days ago that would have allowed Facebook to indefinitely store and use your data in any way it pleased. Facebook has now also introduced “Facebook Bill of Rights” which is simply a group for people to provide feedback and suggestions concerning the Facebook TOS. The Electronic Privacy Information Center EPIC was also close to filing a U.S. federal complaint with the FTC. Facebook founder Zuckerberg wrote in a new blog posting, “We concluded that returning to our previous terms was the right thing for now.”