CNN:

Thousands of indignant members either canceled their accounts or created online petitions. Among them were more than 64,000 who joined a group called “The People Against the new Terms of Service.”

On Monday, Facebook Chief Executive Mark Zuckerberg tried to quell the controversy by saying the company’s philosophy is that “people own their information and control who they share it with.”

But members were not appeased because the site did not fix its Terms of Use. The company, in its post Wednesday, said it was returning to its previous Terms of Use because of the “feedback” it had received.

“As Mark expressed in his blog post on Monday, it was never our intention to confuse people or make them uneasy about sharing on Facebook,” company spokesman Barry Schnitt said in a blog post. “I also want to be very clear that Facebook does not, nor have we ever, claimed ownership over people’s content. Your content belongs to you.”

Good news for Facebook users. Hopefully this mess is over.