Instagram says it now has the right to sell your photos

Found on Cnet News on Wednesday, 19 December 2012
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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.

If Instagram users continue to upload photos after January 16, 2013, and subsequently delete their account after the deadline, they may have granted Facebook an irrevocable right to sell those images in perpetuity.

Reginald Braithwaite, an author and software developer, posted a tongue-in-cheek "translation" of the new Instagram policy today: "You are not our customers, you are the cattle we drive to market and auction off to the highest bidder. Enjoy your feed and keep producing the milk."

Interesting about this sort of EULA is the fact that companies go to court to "defend" themselves against even the slightest form of copyright violation while companies like Facebook/Instagram think it is ok to take over all the rights people have and block lawsuits that might be started. In a few years, Facebook will be listed together with Geocities and MySpace.