Instagram changed its terms of use yesterday, and it looked like they would be ushering in a dystopian future where our every Instagram photo would be sold to the highest bidder, and perhaps projected onto massive blimps branded with McDonald's logos as the blimps fly around the rotted-out-husks of what once were great American cities. Everyone freaked out. But now Instagram says they were mis-understood.

Instagram did a very stupid thing yesterday when it updated its Terms of Agreement in a fashion that made people think that the photo app was going to sell its content to companies to use in advertisements. This (almost certainly) is not going to happen, but Instagram learned a valuable lesson about the specificity of legal language. Due to the intense blowback on the Internet today, Instagram CEO Kevin Systrom (pictured above at some tech conference) posted a blog post that tries to clear up much of the confusion.

Kevin Systrom, 28, made off quite well when he sold his company Instagram to Facebook, personally clearing a reported $400 million, or $725,000 per day of work. But Systrom, described by one associate as an "ultra nerd," didn't get there on his own. Longtime girlfriend Nicole Schuetz has been with him the whole way.