5 Lessons From the Instagram Debacle

Remember all the way back on Tuesday, when everyone and their artistically-filtered dog was freaking out about Instagram's new privacy policy? How long ago that seems, now that co-founder Kevin Systrom (above) has walked back the notion that your photos are potentially going to be used in ads. We're cool now, right?

Actually, the jury is still out on this one. Systrom's promised rewording of the agreement has yet to arrive, and prominent users are still skeptical. In the meantime, the story so far reads like a textbook case of what startups shouldn't do to get ahead. Here's what we learned:

Turns Out, There Is Some Scrutiny of Your TOS

Nobody reads the Terms of Se…
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