Empirical proof that Terms of Service are "the biggest lie on the Internet"

In The Biggest Lie on the Internet: Ignoring the Privacy Policies and Terms of Service Policies of Social Networking Services, a working paper by a pair of university communications professors, students were asked to try out a new social networking site as beta-testers; in reality they were being evaluated to see whether they reviewed the site's terms of service and privacy policy in any detail. (more…)