If you haven't already read the news all over the Internet, Instagram's revised terms of service caused a major backlash from all corners of the Earth, causing many to flock to Flickr instead. The point of contention was in that the popular photo sharing social platform gave the impression that it would be using/selling user data with no prior warning and whenever it suits its needs. However, co-founder, Kevin Systrom, has just done a 360-degree turnabout, stating that they will be reverting "this advertising section to the original version that has been in effect since we launched the service in October 2010" in a post on Instagram's blog.
However, this move doesn't mean that Instagram will not do something similar again - instead, according to the blog post, Systrom has mentioned that the company needs to figure out the details of its advertising program first and make their goals clearer to users when future changes take effect.
Instagram Blog - "Going forward, rather than obtain permission from you to introduce possible advertising products we have not yet developed, we are going to take the time to complete our plans, and then come back to our users and explain how we would like for our advertising business to work.
You also had deep concerns about whether under our new terms, Instagram had any plans to sell your content. I want to be really clear: Instagram has no intention of selling your photos, and we never did. We don’t own your photos – you do."
Source: The Verge, TechCrunch via Instagram Blog