Instagram says it now has the right to sell your photos

http://en.wikipedia.org/wiki/Instagram

Instagram said today that it has the perpetual right to sell users’ photographs without payment or notification, a dramatic policy shift that quickly sparked a public outcry.

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.

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Story added 18. December 2012, content source with full text you can find at link above.