If you haven’t heard by now, yesterday Instagram announced an update to its Terms of Service and Privacy Policy that’s set to go into effect next month. Instagram was acquired by Facebook earlier this year for a $1 billion sale price, and the new ToS is ostensibly meant to make the photo-sharing app integrate better with the social networking giant.  The most notable thing about the new terms is that Instagram will reserve the right to sell its users’ photos to companies that want to use them in advertisements — without needing users’ knowledge or consent, or of course, giving them a share of the money.

Lifted Logic wanted to spread the word about this new policy change as many of our customers may not know this… And this is starting to become the industry standard for Web 2.0 aggregates.  They have to make money somewhere.