A real consequence of Instagram’s data sharing policy debacle (https://developers.facebook.com/blog/post/578/) is that, according to AppStats, the company has lost almost half of its users. http://appstats.eu/apps/facebook/1003873-instagram . Yikes!
The company also appears to be the unhappy recipient of a class action suit: Funes v. Instagram Inc., No. 12-cv-06482 (N.D.
Cal., Jan. 10, 2013) related to unfair use of customer’s property.
More info at : Bloomberg’s Electronic Commerce & Law Report: News Archive > 2013 > 01/23/2013