Instagram is on pace to be Facebook's next billion-user app
More and more, Facebook's 2012 acquisition of Instagram looks like the best $1 billion it's ever spent.
The photo-sharing site this week noted that it now has 700 million monthly active users. That's a huge number in its own right, but what makes it more impressive is how quickly it's getting there - it was at 600 million just a little over four months ago.
As this chart from Statista shows, Instagram has been growing at a rapid clip for years now, and it doesn't seem long until it joins WhatsApp, Messenger, and Facebook proper in Facebook's billion-user app club. Given Facebook's multi-pronged attack, and given how much pressure Instagram appears to be putting on its core rival Snapchat, you can see why some onlookers said that 2012 acquisition felt too close to being anticompetitive.
Mike Nudelman/Business Insider/Statista
Next Story
I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
John Jacob Astor IV was one of the richest men in the world when he died on the Titanic. Here's a look at his life.
A 13-year-old girl helped unearth an ancient Roman town. She's finally getting credit for it over 90 years later.
Sell-off in Indian stocks continues for the third session
Samsung Galaxy M55 Review — The quintessential Samsung experience
The ageing of nasal tissues may explain why older people are more affected by COVID-19: research
Amitabh Bachchan set to return with season 16 of 'Kaun Banega Crorepati', deets inside
Top 10 places to visit in Manali in 2024
