Seeking Alpha

Instagram (FB) triggers a backlash by announcing it will have the right (effective Jan. 16) to...

Instagram (FB) triggers a backlash by announcing it will have the right (effective Jan. 16) to sell access to photos and user information for use in ads without notification. Facebook had already signaled it plans to monetize Instagram, but few expected big privacy policy changes. The mobile photo-sharing platform had already upset users this month by ending Twitter integration. Henry Blodget: "The truth about Instagram's horrifying new terms of service: No one will care."
Comments (15)
  • Zucker'ed again
    18 Dec 2012, 10:50 AM Reply Like
  • I will so want to buy someone else's picture of the great tiramisu they shared last night at that fancy new restaurant out on the main highway.
    18 Dec 2012, 10:54 AM Reply Like
  • That is almost unbelievable. So people who use this service can now find their images used for advertising purposes without their knowledge and maybe for something that they don't support.
    18 Dec 2012, 10:55 AM Reply Like
  • Can you imagine, Facebook "using" images from say the Wallstreet journal for advertising purposes?? How fast can you say BIG LAWSUIT!!
    18 Dec 2012, 10:57 AM Reply Like
  • Honestly, FB paid a ton of money for this company. What do you expect from a service thats FREE. FB didnt buy this to do everyone a favor; they bought it to make money.
    Its either this or charge, and just like with FB, no on will pay to use the service.
    18 Dec 2012, 10:56 AM Reply Like
  • It's not "free". The site is rife with ads. It's on thing to show ads of companies, but quiet another to steal photos from users and sell them.
    18 Dec 2012, 11:01 AM Reply Like
  • It is rife with ads like google is rife with ads. Also, stealing would imply they are doing it without permission and warning. Instagram is telling users and giving them a heads up.
    18 Dec 2012, 11:15 AM Reply Like
  • Lol @ Asherp.


    Next time, a burglar will send you a nice card warning you might experience a house break-in. Then, I guess it's ok with you if you suffer theft.
    18 Dec 2012, 11:29 AM Reply Like
  • well people still read Blodgett the convicted liar so never underestimate the intelligence of the online user.
    18 Dec 2012, 10:57 AM Reply Like
  • Do you want your under age kids showing up in ads? Maybe, maybe not.
    18 Dec 2012, 10:57 AM Reply Like
  • Few FB users seems to understand that when you sub to FB, YOU are the product being sold.
    18 Dec 2012, 11:53 AM Reply Like
  • I like FB.


    However, expect a revolt by Instagram users. Many are serious photographers who place high value on their intellectual property. The new policy will probably be revised
    18 Dec 2012, 12:50 PM Reply Like
  • I'm a strong supporter of FB stock but I vehemently refuse to open a FB account, simply because I value my privacy and I refuse to be used by anyone to make money for themselves.
    18 Dec 2012, 09:25 PM Reply Like
  • Aren't you being more than a little hypocritical? You love FB because they make money by mining and reselling personal data (as well as other things) but you refuse to share your personal info with others (besides FB). It's like saying "I'm a strong supporter of PM stock but I vehemently refuse to start smoking cigarettes".
    19 Dec 2012, 08:34 AM Reply Like
  • Sorry, Drew, for missing your reply and failing to respond until now. Yes, I may seem hypocritical but I'm into FB not because I like FB but it's a vehicle for profit-making, especially when it's controversial, because we can really make money when the price goes up and down (that's the day-trader in me talking). Trading a stock doesn't require us to use their products or services.


    We can't be emotional about the stocks we trade, or else, it'll muddle up our trading decisions, viz. failing to buy or dump a stock because we don't like or love a stock. My decision to buy or sell a stock is based entirely on whether I think there's any price movement at all. In fact, if any stock shoots up suddenly in the morning, you can bet that it will be sold off from 2:30pm EST onwards because that's when the day-traders and institutional traders are back from lunch. I simply ride the stock-express and make some money with them. Sometimes, I do read the signs wrongly and I also lose money but I must be quick to cut my losses or else, I'm stuck with my trades until the cycle comes back again. If I'm unsure, I simply sit on the sidelines and twiddle my thumbs playing Soduku unless I've errands to run.
    9 Apr 2013, 09:26 PM Reply Like
DJIA (DIA) S&P 500 (SPY)