As we mentioned earlier, Google's Chrome browser, though much hailed for its speed, does have its fair share of rust stains, including a EULA which originally gave Google complete control over all content submitted through the browser. In this case, slightly worrying would be an understatement.
Fortunately, the search engine has been quick to rectify this issue, attributing the whole issue to accidental copy and paste. Under Section 11 of Google's Universal Terms of Service, Google retains a license to transmit or display content through its services, as per US copyright law. However, the section in Chrome was not updated. Mike Yang, Senior Product Counsel at Google, writes: "[Our] license is limited to providing the service. In Gmail, for example, the terms specifically disclaim our ownership right to Gmail content. So for Google Chrome, only the first sentence of Section 11 should have applied. We're sorry we overlooked this, but we've fixed it now..."
The updated EULA now reads: "You retain copyright and any other rights you already hold in Content which you submit, post or display on or through, the Services." And, yes, these terms are retroactive.
Thanks for the tip, CaptainSlow!