Wednesday, May 2, 2012

Instagram Passes 50 Million Users

The photo-sharing app is on fire. It now has more than 50 million users — and is adding new ones at the rate of roughly 5 million per week, according to its API. 


Instagram hit 40 million users around April 13, and 30 million at the start of the month. This is astonishing growth for an app that started 2012 with just 15 million users.


Of course, the fact that the app was recently released for Android — after being iPhone-only for its first two years — is likely driving a lot of those sign-ups. But Instagram also hit number one in the iOS App store for the first time in the wake of the Facebook acquisition.


Some time ago Facebook reported that it was up to buy Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the social media website is expected to go public.



“For years, we’ve focused on building the best experience for sharing photos with your friends and family,” Facebook founder Mark Zuckerberg said while announcing the deal. “Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.”


Facebook CEO called the acquisition “an important milestone for Facebook because it’s the first time we’ve ever acquired a product and company with so many users. We don’t plan on doing many more of these, if any at all.”


Seemingly, the buyout has also helped to drive interest and it probably won’t be long until the firm hits the 100 million milestone.

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