Instagram’s suicide note. (link)
See also: There’s a huge and growing unserviced market for ethical premium social media services. People view social media as a home, not a mall.
Also also: "They trust me — dumb fucks." -actual Mark Zuckerberg quote on the users of his service.
Update: What Instagram’s New Terms of Service Mean for You
Hello: Gawker. CNet. BoingBoing. BBC. Huffington Post. ArtInfo. CNet again. TechCrunch. The Independent. BetaBeat. LA Times. Yahoo News.
Update: Instagram officially walks it back. Good job all.