So, facebook is owned by greedy assholes. Who would have ever guessed?

From: Bong Manayon
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.

http://www.slrlounge.com/instagram-now-has-the-right-to-sell-your-photos

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