MySpace's "Drunken Pirate" sues college over denial of degree - BloggingStocks: "Millersville University denied Stacy Snyder a teaching certificate on the eve of her graduation after finding a picture of her on MySpace with the caption 'Drunken Pirate.' The case looks like it could be a landmark for internet privacy rights.

According to the Associated Press, 'The photo, taken at a 2005 Halloween party, shows Snyder wearing a pirate hat while drinking from a plastic 'Mr. Goodbar' cup.' The school's Dean accused Ms. Snyder of promoting underage drinking, according to her lawsuit.

The case may actually have ramifications for MySpace, Facebook, and other social-networking websites, although I suspect that StockPickr.com won't be effected (although you could probably justify firing someone for holding Novastar Financial).

If a court rules that people can lose jobs or diplomas for content on their MySpace pages, will people still want to have them? Will the content on the site become so watered-down that it won't be fun anymore?"

(Read Original Article via - BloggingStocks.)