Why is Facebook over-rated? There's nothing special about it. Can anybody clarify?

[Svaberen]

There is something unique about Facebook. I find it weird that most don't care about it though.

FaceBook sells your private information to other companies for profit. Go sign up and read the terms of service. They even state it in there.

This isn't a conspiracy theory these are mere facts. You can
read about it in your privacy policy when you sign up. Not to mention the countless articles about it on the internet. FaceBook is not secretive about it either. They have said the same thing in several medias too. It is the price for using their site. Anything you put in your profile you basically agree they can use no matter how private. There is no on/off switch towards Facebook itself just other users. Thats exactly where the problem lies.

Then there is the thing about the tracking cookie you also get from going to their site.

Microsoft has bought assets in FaceBook for about 240 Million Dollars simply because your private information is priceless when it comes to marketing information. What Moves and Grooves amongst the youth today products wise and what sites they frequent