Effective today, Instagram’s short-lived Terms of Service update is being replaced by a [new one](http://instagram.com/about/legal/terms/updated/), which pretty much undo the controversial we-can-use-your-photo-to-sell-ads-but-we-are-not-giving-you-anything-back, and this:

> Our updated privacy policy helps Instagram function more easily as part of Facebook by being able to share info between the two groups. This means we can do things like fight spam more effectively, detect system and reliability problems more quickly, and build better features for everyone by understanding how Instagram is used.

There you go. As the new owner, Facebook has access to all Instagram’s user data, and as one of the world’s biggest closed advertising network — not far, maybe ahead in some area, from Google, Facebook is going to monetize the hack out of what you do and share on Instagram. If you don’t think that’s a good idea, it’s a good time for you to [dust-off your flickr page](http://www.flickr.com/tour).