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Instagram Hits Half-billion Users by NaijaCuzin: 2:39pm On Jun 21, 2016 |
There are now half a billion active users on the photo-sharing app Instagram, the company has said. More than 300 million people use it at least once a day, it added. The service was bought by Facebook in 2012 for about $1bn (£677m), and has grown rapidly ever since. According to the company, an average of 95 million photos and videos are posted each day. Co-founder Kevin Systrom told the BBC its success was the result of "a lot of hard work". In its five and a half years, Instagram has rocketed past Twitter, thanks in part to its adoption by high-profile celebrities and sports stars. Instagram's biggest competitor for youthful eyeballs, Snapchat, is understood to have surpassed 100 million users. SOURCE: http:///28R0qUz
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