If you've been on social media the past couple of days the big story has been the news that Instagram was planning on selling the photos you post there. Instagram was deluged with hate mail, the twittersphere exploded.
Now they claim it was all a misunderstanding. From today's "The Wrap"...
"It was interpreted by many that we were going to sell your photos to others without any compensation," CEO Kevin Systrom said in a blog post on Tuesday. "This is not true and it is our mistake that this language is confusing. To be clear: It is not our intention to sell your photos. We are working on updated language in the terms to make sure this is clear."
Instead, Systrom said the company planned to integrate promoted posts in users' newsfeeds, similarly to Facebook and Twitter.
"Instagram users own their content and Instagram does not claim any ownership rights over your photos," Systrom wrote. "Nothing about this has changed."
