A clause in the new Terms of Service section contained this rather troubling permissions line...
...you grant Snapchat a worldwide, perpetual, royalty-free, sublicensable, and transferable license to host, store, use, display, reproduce, modify, adapt, edit, publish, create derivative works from, publicly perform, broadcast, distribute, syndicate, promote, exhibit, and publicly display that content in any form and in any and all media or distribution methods
But don't go fretting that those questionable images you sent your steady "friend with benefits" are about to be circulated by Snapchat. Far from it.
The troublesome "broad licence agreement" line quoted above is included, explains Snapchat, because it has to be if you're going to join in with features like Snapchat's Live Stories - where the service pools images and videos that users send them and moulds them together into rolling feeds of national events.
The recent rewording tried (and failed) to reassure users that their snaps are as private as they've ever been. They aren't about to sell your identity or your images to third parties, but they might share an image you willingly sent to their 'Live Stories' feature with a wider audience.
Now, let's go back to being worried about legitimate internet concerns - like bank account details being pinched from service providers.