Update: 19 Dec – Instagram will now NOT be selling your photos …here’s the announcement in a blog post by Kevin Systrom co-founder, Instagram – Thank you, and we’re listening
18 Dec: Instagram launches as a commercial photo library – starting Jan 16 2013
Ooops! – where is this going to leave the price of a stock photo!? – comments on the news vary from, I’m fine with this as they (Instagram) are providing a platform for my photos – to – the obvious rights grabbing / I’m deleting my account – unlawful image theft….
Just waiting now for Google to wake up to image licensing and launch a photo-selling platform….it’s gotta be round the corner!
from the new T&C’s
2. 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. If you are under the age of eighteen (18), or under any other applicable age of majority, you represent that at least one of your parents or legal guardians has also agreed to this provision (and the use of your name, likeness, username, and/or photos (along with any associated metadata)) on your behalf.
3. You acknowledge that we may not always identify paid services, sponsored content, or commercial communications as such.
Details in full here