Wow….I admit, I’m an Instagram junkie. I love the app, but I’ll definitely be deleting my account before the January deadline. I seriously love this guys ‘translation‘ of the new legalese.
The new intellectual property policy, which takes effect on January 16, comes three months after Facebook completed its acquisition of the popular photo-sharing site. Unless Instagram users delete their accounts before the January deadline, they cannot opt out.
Under the new policy, Facebook claims the perpetual right to license all public Instagram photos to companies or any other organization, including for advertising purposes, which would effectively transform the Web site into the world’s largest stock photo agency. One irked Twitter userquipped that “Instagram is now the new iStockPhoto, except they won’t have to pay youanything to use your images.”