Instagram User Base Hits 400 Million

September 23, 2015 by Douglas A. McIntyre

social media network
Source: Thinkstock
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

Sponsored: Want to Retire Early? Here’s a Great First Step

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Tags:
Posted in Apps & Software | Comments Off on Instagram User Base Hits 400 Million