Quote Originally Posted by Kayaker72 View Post
Thanks for the heads up. I don't use Instagram. But if I ever hear of anything like this from flickr, facebook or any other website I use, I'll be canceling my account.
Then say sayonara to your Facebook account...

Facebook has had the same policy in place for a few years now. Facebook bought Instagram earlier this year, and are now bringing Instagram's T&C in line with their own.

Facebook's fine print (I added the emphasis):

Quote Originally Posted by Facebook
You own all of the content and information you post on Facebook, and you can control how it is shared through your privacy and application settings. In addition:
  1. For content that is covered by intellectual property rights, like photos and videos (IP content), you specifically give us the following permission, subject to your privacy and application settings: you grant us a non-exclusive, transferable, sub-licensable, royalty-free, worldwide license to use any IP content that you post on or in connection with Facebook (IP License). This IP License ends when you delete your IP content or your account unless your content has been shared with others, and they have not deleted it.