10 Sep 2013

Instagram Hits 150M Users, Ads Next Year

Instagram announced yesterday it has hit the 150 million user mark. The company has increased its user base by almost a third this year, as it boasted of 100 million users six months ago.

Instagram’s acquisition by Facebook in April 2012 doubtless helped fuel its growth, especially in markets outside the U.S. The company announced that over 60 percent users are from countries outside the U.S. Activity on Instagram has also increased, with over 55 million photos shared and 2 billion "likes," per day on the network. 

And as long rumored, the company will apparently start selling advertising relatively soon—"within the next year," the Wall Street Journal reports. The newspaper notes that its big challenge will be to maintain Instagram’s “cool factor” while still making money.

Read the full story >>

Filled Under:


Post a Comment