Following a quote from a Facebook executive to The Business Insider on Wednesday that indicated Facebook was working on "monetizing" the budding photo-sharing app and social network that is Instagram, Slate's Will Oremus received the following statement from an Instagram spokesperson which clarifies that Instagram, is, in fact, considering advertisements as a monetization strategy:

"The Instagram team has always been on track for building a business and they're continuing to evaluate when, how, and in what form advertising inside Instagram plays a role in creating value for users and brands alike." There! Now everyone can be shocked and dismayed all over again."