Earlier quoted context omitted.
I totally agree. The terms and conditions, or some offering of them, should be available in the same way that quick start or full guides are - in a form that adds to the usability of the service. E.g. "when you upload a photo, ____ owns the photo, for _____ period, and may do a, b, c, and d with it"
The problem is that legal terminology doesn't always match conventional descriptions of what's happening. Copyright is actually a perfect example of this. In order to send my photo over the Internet to other people who want to view it, you need much more than the legal right to display my picture. Sending a picture over the Internet involves copying, distributing, and sublicensing the image countless numbers of times…
But isn't it precisely what the legalese means? I mean, unless otherwise restrict by some law other than the copyright laws, Imgur can use those images for anything. The statement does not limits the use to "reasonable business activities". Why will it be severely misleading to write it that way?