Based on a “community” count, Instagram is larger than Twitter Inc. (NYSE: TWTR). However, that may not matter much, as the site has not come up with a way to make much money. The company announced:
We are thrilled to announce that the Instagram community has grown to more than 400 million strong.
Additionally:
Our community has evolved to be even more global, with more than 75 percent living outside of the US. To all the new Instagrammers: welcome! Among the last 100 million to join, more than half live in Europe and Asia. The countries that added the most Instagrammers include Brazil, Japan and Indonesia.
The online mobile photo-sharing, video-sharing and social networking service was launched in October 2010 as a free mobile app. It allows users to apply digital filters to their images and share them on various social networking platforms. Instagram was acquired by Facebook Inc. (NASDAQ: FB) in April 2012 for approximately $1 billion.
ALSO READ: Oppenheimer Says Buy These 4 Top Internet Stocks on Any Market Weakness
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
