(It probably is - but, I'd love to be at the beginning of this particular wave)
Here is James Kwak at the Baseline Scenario (link):
In short, there has been a massive, one-directional shift in how much of your information is visible by default either to everyone on Facebook, or to everyone on the Internet. Now, the usual defense of Facebook is that this is only by default; you can control information access via your privacy settings, which have gotten more fine-grained over time.
But this argument doesn’t fly for me. First of all, there is the problem that many people don’t realize they have this control and don’t use it. Second, finding and using those privacy settings is not trivial. But for years, I figured that I was savvy and careful enough to protect myself adequately. I’m not that paranoid about personal information on the Internet to begin with–there are various versions of my biography already floating around–and besides, I worked in the software industry for eight years (some of that time helping to design and configure software, not just market and sell it), so I should be able to figure this stuff out.