Instagram's new ToS allows Facebook to profit from your pictures forever and ever

You can't blame Facebook. As a public company, the social-networking site has an obligation to its shareholders which means trying to find a way to make big bucks off Instagram. To Facebook's credit, the plan isn't to put ads on the site as we surmised a week ago. But the reality is something that many Instagram users are not going to like.
Those looking to save their Instagram pictures are turning to Instaport, which is a service that will allow you to archive your pictures as a single ZIP file. As far as a replacement for Instagram, the smart money is making a mass exodus to Flickr, which has just added filters ala Instagram to its Apple iPhone app. Speaking of upset Instagram users, people are now calling it the world's largest stock photo agency. And this all comes about from some changes to the ToS. The term "limited license" is replaced with the use of "transferable" and "sub-licensable," which allows Facebook to license users' photos to any other company or organization. In simpler language, Facebook writes that "a business or other entity may pay us to display your... photos... in connection with paid or sponsored content or promotions, without any compensation to you." That is a another new phrase to the ToS and is the one that gives Facebook investors some hope, but makes Instagram users angry. The new policy also seems to indemnify Facebook and Instagram from class action lawsuits.
"Our updated privacy policy helps Instagram function more easily as part of Facebook by being able to share info between the two groups. This means we can do things like fight spam more effectively, detect system and reliability problems more quickly, and build better features for everyone by understanding how Instagram is used.
Our updated terms of service help protect you, and prevent spam and abuse as we grow."-Instagram
Our updated terms of service help protect you, and prevent spam and abuse as we grow."-Instagram
source: Instagram via CNET