Instagram’s Latest Milestone

24 June 2016 | | Social Media

With the recent news that Microsoft will be acquiring LinkedIn, I thought I would share with you another story in the Social Media industry – Instagram has reached 500 million active monthly users!

So I thought to celebrate this achievement I would provide a brief history of how this company got this far.

History of Instagram

6th October 2010 – Founders Kevin Systrom and Mike Krieger launch Instagram as a free mobile app

12 December 2010 – Instagram gains 1 million users – just 2 months!!!

January 2011 – Instagram added hashtags to make it easier for users to discover photos

February 2011 – Instagram raises $7 million in funding

26th September 2011 – Instagram has 10 million users

12th April 2012 – Facebook acquires Instagram for $1 billion in cash and stock

26th July 2012 – Instagram has 80 million users

17th December 2012 – Instagram updated its Terms of Service granting itself the right to sell users’ photos to third parties. Instagram then retract these terms.

26th February 2013 – Instagram has 100 million users

20th June 2013 – Instagram allow videos on their platform

6th September 2013 – Instagram has 150 million users

24th  October 2013 – Instagram launch sponsored photos and videos

12th December 2013 – Instagram add Direct – a feature that allows users to send images to specific people

December 2014 – Instagram announce that they have 300 million users accessing the site per month

October 2015 – Instagram launches Boomerang

22nd September 2015 – Instagram has 400 million users

May 2016 – Instagram changes its look and its icon.

21st June 2016 – Instagram has 500 million users.

 

Sources – Search Engine Journal, Social Media Today, Wikipedia

 

 

 

 

 

 

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