Quote Originally Posted by pstake View Post
Wow. Great article. Thanks for posting.

Particularly insightful passage:

"Instagram may have only had 13 employees on the books, but really it has more than 100 million people who work for the company, providing immense amounts of personal information and location metadata. Instagram users' pathetic and narcissistic freakout in December over copyright terms, as if anyone wanted to sell your cat photos in the first place, totally missed the point. The value of any photo is pretty much nil, as professional photographers have learned to their dismay. Only the data attached to them, which you give away in every social media app's terms of service, have real value."
I wanted to bring up this paragraph too. Can anyone explain how the metadata/location information attached to these photos is so valuable? Do other companies pay Instagram to "sell" this information to them for marketing/business purposes?