instagram*The world was seemingly turned upside down Monday when it we, as well as many other media portals reported that Instagram was getting ready to commit the Internet theft of the century by taking ownership of your photos.

Well, the co-founder is here to clear up the flaws in that information.

According to the Huffington Post, even the singer Pink tweeted to her masses, in all caps: “I WILL BE QUITTING INSTAGRAM TODAY. WHAT A BUMMER. YOU SHOULD ALL READ THEIR NEW RULES.”

And she wasn’t alone. Many of instagram’s users vowed to drop the service by the deadline of Jan. 16, when all of the policy changes were to take effect. (more…)