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.
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.