Google Drive's terms of service do indeed allow you to own your own files, but grant the company a license to do as it wants with your uploaded content. Read this blog post by Zack Whittaker on Internet & Media.
Within hours of Google launching its new online storage service, the terms and service have come under heavy fire by the wider community for how it handles users' copyright and intellectual property rights.
After Dropbox and Microsoft's SkyDrive -- the two most popular online storage services on the web -- Google was late to the party by a number of years. While Google needed no advertising to drum up support, what may hold back uptake is that as per the company's terms and conditions, the rights to the files you upload to Google Drive will be passed on to the search giant.
A quick analysis of Google's terms of service shows how far the search company goes in 'owning' your files, and how it can do anything it wants with them...
Via Gust MEES