No, you pay people to bother looking in the first place.
Criminals will always be looking, but the odds of finding vulns against a company that pays decent bounties should be far lower than against one paying a pittance, since more people should be looking due to the greater potential reward.
Also, in this case, I think that the amount of damage the company has avoided due to the vuln leaking through non-responsible disclosure is far more than $1000. Deleting photos on FB is nowhere near the same class of seriousness.
The company STORES PASSWORDS. Leaking them is serious.