Facebooks Instagram monetization plan: L

December 22 [Sat], 2012, 0:26
InstagramRemember when we worried that Facebook () would ? Well it turns out that the companys plans to monetize the popular photo-sharing app are actually much worse. As CNET reports, Instagram has published new terms of service that give Facebook 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 worlds largest stock photo agency. To make matters worse, users cannot opt out of this new feature unless they delete their accounts before January 16th. The good news in all this is that Instagram isnt the only photo-sharing app out there: As The Verge notes, backlash against Instagram could benefitFlickr, which .

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