Facebook’s Instagram Rewrites Privacy Policy and 2 Hot Stocks Spark Chatter

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In a move that has raised a storm of protest, Facebook (NASDAQ:FB)-owned Instagram has re-written its privacy policy and terms of use, giving itself the right to sell users’ photos to advertisers without notifiying the users nor paying them. The changes, posted on the Instagram site, read: “We may share your information as well as information from tools like cookies, log files, and device identifiers and location data with organisations that help us provide the service to you… (and) third-party advertising partners… to help us deliver interesting paid or sponsored content or promotions. You agree that a business may pay us to display your username, likeness, photos, in connection with paid or sponsored content or promotions without any compensation to you.”

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Solar Capital Ltd (NYSE:SLRA) has agreed to acquire Crystal Capital Financial Holdings LLC, a commercial finance company focused on providing asset-based and other secured financing solutions, for a likely investment of approximately $275 million. The acquisition is expected to be immediately accretive to net investment income. “We believe that this portfolio company investment offers a highly attractive and diversified senior secured risk-return profile for Solar Capital,” said Bruce Spohler, COO of Solar Capital.

Green Mountain Coffee Roasters Inc (NASDAQ:GMCR) has filed form 8-K notifying that Howard Malovany, Chief Legal Offficer, Corporate General Counsel and Secretary, will step down from the service of the company effective March 31, 2013.

Don’t Miss: Facebook Has Short Sellers Deleting Positions.

 

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