If you are a Facebook user, you have probably seen the post that claims if you do not copy and paste the legal notice you will lose copyright control of your content. This is just another hoax similar to those that have been circulating on Facebook for years.

January was the last time a hoax similar to this surfaced on Facebook. This particular copyright hoax is the fourth Facebook has seen since 2009. There are a few variations of the 'legal notice,' but most look like this:

Now it's official! It has been published in the media. Facebook has just released the entry price: $5.99 to keep the subscription of your status to be set to 'private.' If you paste this message on your page, it will be offered free (paste not share) if not tomorrow, all your posts can become public. Even the messages that have been deleted or the photos not allowed. After all, it does not cost anything for a simple copy and paste.

Facebook continues to reassure its users that it will always be FREE. As for ownership, Facebook commented that each  user owns and controls the content and information they post.

If you are still not convinced, it is actually written in the 'Terms of Service' that you must accept before creating a Facebook page.

Do everyone on your friend list a favor next time this pops up on your newsfeed. DO NOT copy/paste it and share this information!

[CNN]