Okay. So this is very different from most of those little rumors that one hears about Facebook or its subsidiaries. This is coming from CNET and is pretty well thought out.  I would recommend to folks that use Instagram to go ahead and opt out. I would also encourage people to be careful about what photos they put on Facebook itself.

I do not fully trust that Yahoo & Google will stay out of doing this. But we can now say with more sureness where Facebook stands.

Get rid of your Instagram account if you have one. 

Instagram said today that it has the perpetual right to sell users’ photographs without payment or notification, a dramatic policy shift that quickly sparked a public outcry.

The new intellectual property policy, which takes effect on January 16, comes three months after Facebook completed its acquisition of the popular photo-sharing site. Unless Instagram users delete their accounts before the January deadline, they cannot opt out.

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. One irked Twitter user quipped that “Instagram is now the new iStockPhoto, except they won’t have to pay you anything to use your images.”

via Instagram says it now has the right to sell your photos | Politics and Law – CNET News.