To help us deliver interesting paid or sponsored content or promotions, you agree that a business or other entity may pay us to display your username, likeness, photos (along with any associated metadata), and/or actions you take, in connection with paid or sponsored content or promotions, without any compensation to you. (emphasis added)
This is not a post analyzing what Instagram almost did. What I was impressed by was that someone actually read the policy. Usually people just scroll to the bottom and simply click agree. Without a doubt, the above is cause for alarm. However, what I don't think many people realize is that most social media sites have other terms that should give you pause.
Some terms allow the service to have at least a limited license to keep your data (for Facebook & Instagram – this could include your likes, posts, and photos) even after deletion of your account.
Despite these kinds of terms, people continue to use these services. There's nothing wrong with that as long as you aren't surprised by what can happen. So before you go posting photos of your children or private photos, make sure you understand what can happen to your photos in the future.
Generally, you should know what you are agreeing to before you actually agree to it. Never know when you're agreeing to give away your first born. 😉
You Ought to Know: You Should Always Read ANYTHING that Requires Your Agreement