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Facebook Destroys Instagram
Posted By Barry Ritholtz On December 18, 2012 @ 6:17 am In Really, really bad calls,Technology | Comments Disabled
Over the past few years, I have been fairly critical about Facebook — starting first with its absurd valuation, and then moving to its abuse of privacy and data mining about its users, its frequent unannounced changes to its terms, and the general disdain with which it treats its users.
Although I was an Instagram fan, once FB bought the company, I stopped using the app (there are lots of alternatives ).
This morning, I was reading the latest terms of service  for the photo app — and they are nothing short of insane.
1. Instagram can share information about its users with Facebook, its parent company, as well as outside affiliates and advertisers.
2. You could star in an advertisement — without your knowledge.
3. Underage users are not exempt.
4. Ads may not be labeled as ads.
5. Want to opt out? Delete your account.
Number five turns out to be a great idea — this morning, I deleted my Instagram account. At this rate, its only a matter of time before Facebook gets deleted . . .
What Instagram’s New Terms of Service Mean for You 
JENNA WORTHAM and NICK BILTON
Bits, December 17, 2012, 5:02 pm
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2012/12/facebook-destroys-instagram/
URLs in this post:
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2012/12/instagram-.png
 lots of alternatives: http://lifehacker.com/5900421/done-with-instagram--here-are-five-alternatives-for-the-iphone
 terms of service: http://instagram.com/about/legal/terms/updated/
 NYT Bits blog: http://bits.blogs.nytimes.com/2012/12/17/what-instagrams-new-terms-of-service-mean-for-you/
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