Facebook just announced that photographers using their Instagram service are now basically all uncompensated stock photographers.
So if you're ever fortunate enough to have an Instagram photo that you took to be selected as the cover of Time magazine, you will never be compensated for your work, nor ever alerted that your work was used for ... well, for whatever purpose deemed suitable by Facebook, irrevocably and in perpetuity. You cede your copyright by using this service.
Oh, and there's no opt-out. Your only choice is to choose to comply or to delete your account by January 16, 2013.
(Not that I used the service that much, but I deleted my Instagram account 10 minutes ago.)
EDIT: Facebook claims it was all a misunderstanding and sought to "clarify" their policy.
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