“Some or all of the Service may be supported by advertising revenue. To help us deliver interesting paid or sponsored content or promotions, you agree that a business or other entity may pay us to display your username, likeness, photos (along with any associated metadata), and/or actions you take, in connection with paid or sponsored content or promotions, without any compensation to you.”So, it appears they can sell your photos to any business or individual - including photos that contain images of you and your family members. Essentially, as I understand it, Instagram would become this amazing stock photo outlet, without having to pay for the images. What a business model!
That's why I'm closing out my Instagram account later this month. Users who fail to close out their accounts by January 16, 2013 will lose the rights to their images posted on Instagram - unless Instagram and "big brother" Facebook change their minds. If you are currently using Instagram, I suggest you give this some thought. This is not to be taken lightly.
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