This privacy policy is a joke. It basically says "we can do anything we like with your data".
Under the "What Information Do We Share With Third Parties?" section there are some classic deceptions. This one is great (as in evil genius):
>with certain social networking services, if you allow such sharing through our services; //
Not consent, allow. As in if you don't actively prevent it we'll do it.
>with service providers who are working with us in connection with the operation of our site or our services //
We'll sell you out to anyone who we can describe as "working with us".
>"in connection with, or during negotiations of, any merger, sale of company assets, financing or acquisition, or in any other situation where personal information may be disclosed or transferred as one of our business assets."
So when doing business-y stuff, blah, blah oh yeah and any time we want to use your info as a business asset. They're covering themselves, again, to sell all data to anyone who'll buy it.
“Deactivating your account will remove your content from Path.”
The ‘Path’ in the sentence refers to the social network, not the company’s servers.