Sounds like standard legalese to immunize the new owners from any liability implications. DHS/FBI/DOJ and NSA routinely scrub for data and provisions in the Patriot act allow them to access profiles without warrants. Should any of these 3 letter government agencies find prosecution material, then safe harbor under DMCA is simply not enough to stave off legal action.
All delicious, diigo or any cloud hosted services should never assume their privacy is protected like a swiss account. You don't like it? Then use client side services only.
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