As a citizen of the EU and a country with strong privacy protection, my privacy rights are protected by law, and neither Facebook's terms nor the fact that any other entity can collect certain information from Facebook negates that right. The claims by Snopes are equally false: whatever Facebook terms a user may have accepted whenever, they are trumped by the law. You can't give up your civil rights with single click…
Unless you feel you can dispute it, the jurisdiction for your use of Facebook and the jurisdiction underwhich you agreed to use Facebook is Santa Clara County, Calfiornia, United States. See 16.1 in https://www.facebook.com/legal/terms Also, although the EU has strict data retention and data-export laws, you agreed to give up when you signed up for Facebook because Facebook keeps its data in the US.
Again, if local law (or a jury nulification) trumps this, FB are SOL.