Following Facebook’s $1 billion acquisition of Instagram in April, the popular photo sharing application grew more than 1,100% over the next six months. In looking to better monetize the service, Facebook (FB) updated its terms to help bring in new advertisers, however many users feared Facebook may be looking to sell or license their personal photos without their consent. The story spread like wildfire, panic ensued, some people deleted their accounts, Instagram CEO Kevin Systrom eventually apologized, and the company reverted to its older terms of service. But was it already too late? In the aftermath of the terms of service fiasco, the company was slapped with a class action lawsuit and hit with a flurry of bad press. The debacle may