Is Facebook's decision to sell Instagram photos a cash cow or suicide note? IMAGE: Reuters
Instagram said today that it has the perpetual right to sell users' photographs without payment or notification, causing a swell of anger from a generally very supportive public. The move comes three months after Facebook acquired Instagram (which says something about why Facebook thought Instagram was worth a cool billion dollars). There is only one way to "opt out" and that is to delete your Instagram account before the January 16th deadline. And seeing as Instagram will be profiting off your photos, how much of the cut does Instagram pass on to you?
Not done: Facebook will likely claim the right to continue selling your Instagram photos after you delete your account, as long as you still had that account after January 16th, 2013. Essentially, Facebook is saying that your Instagram photos are its property.
Two big questions now: will public outcry force Facebook to reign in this new Instagram policy to something more conservative, such as that of Yahoo (Flickr) or Google (Picasa, Google+)? And either way, has their reputation been damaged enough that users will flee Instagram for other sites and apps?
We shall see. This could be anything from a major cash boom for Facebook and Instagram or, as one Instagram user put it, "Instagram's suicide note."