An anonymous reader shares an Ars Technica report: A recent study concludes what everybody already knows: nobody reads the lengthy terms of service and privacy policies that bombard Internet users every day. Nobody understands them. They’re too long, and they often don’t make sense. A study out this month made the point all too clear. Most of the 543 university students involved in the analysis didn’t bother to read the terms of service before signing up for a fake social networking site called “NameDrop” that the students believed was real. Those who did glossed over important clauses. The terms of service required them to give up their first born, and if they don’t yet have one, they get until 2050 to do so. The privacy policy said that their data would be given to the NSA and employers. Of the few participants who read those clauses, they signed up for the service anyway. “This brings us to the biggest lie on the Internet, which anecdotally, is known as ‘I agree to these terms and conditions,'” the study found. The paper is called “The biggest lie on the Internet: Ignoring the privacy policies and terms of service policies of social networking services”.

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Source: Slashdot – TOS Agreements Require Giving Up First Born — and Users Gladly Consent