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If you haven’t already heard, today Instagram has announced a change in their privacy policy where they state that it has the perpetual right to sell users’ photographs without payment or notification. If you remember, Instagram was bought out by Facebook about 3 months ago.

The good news is that users have until January 16th to delete their accounts because there will be no way to opt-out of this after that point.

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.

While I have an account there, I’ve never actually used it, and with this policy change, I don’t intend to!

If you plan on deleting your account, you can also use a service like Instaport.me to download backups of all your pictures and use another service to host them such as Flickr, Google’s Picasa, Microsoft’s SkyDrive, Dropbox, etc.

Source: CNet