Instagram Now Used by 100 Million People

by Christopher Freeburn | February 27, 2013 1:16 pm

Instagram Now Used by 100 Million People

instagram Instagram Now Used by 100 Million People[1]Facebook‘s (NASDAQ:FB[2]) Instagram photo-sharing app is celebrating a milestone[3].

The popular service, whose mobile apps are available for both Apple‘s (NASDAQ:AAPL[4]) iPhone and mobile devices running Google‘s (NASDAQ:GOOG[5]) Android operating system, announced on Tuesday that it now has more than 100 million users. That’s up from 90 million users in January, PC Magazine noted.

Intagram, which was founded in 2010, was acquired last year[6] by Facebook for $1 billion.

In December, a change to its terms of service agreement that would have allowed it to put user images in advertising without permission or compensation provoked a harsh response from critics. Stung by the backlash, Instagram quickly returned to its original user agreement[7].

Shares of Facebook fell more than 1% in Wednesday midday trading.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/04/instagram.png
  2. FB: http://studio-5.financialcontent.com/investplace/quote?Symbol=FB
  3. is celebrating a milestone: http://www.pcmag.com/article2/0,2817,2415965,00.asp
  4. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  5. OOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=OOG
  6. was acquired last year: http://investorplace.com/ipo-playbook/facebook-shells-out-1-billion-for-instagram/
  7. quickly returned to its original user agreement: http://investorplace.com/2012/12/instagram-reverts-to-old-ad-policy-amid-outcry/

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