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Facts About Instagram
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Source: Deepak Nadiminti 139 Facts and Stats About Instagram One Should be Aware of in 2017
Hit 1 million users
Instagram was launched by Systrom and Krieger with the hope of facilitating communication through images
Android app released
Acquired by Facebook for approximately $1 billion in cash and stock Instagram raised $50 million from venture capitalists for a share of the company; the process values Instagram at $500 million
Launched video sharing
Introduced photo tagging, “Photos of You” and sponsored post advertising targeting US users
Hit 300 million users
Ads go global
• Allowed 30-second ads for all advertisers
• Hit 400 million users
• Launched Boomerang
Live video broadcasting features
• Switched its feed from chronological to algorithmically-driven best posts first
• Introduced a new look as well as an updated icon and app design for Instagram
• Announced instant translation feature and option for users to filter out comment streams
• Brought in image zoom, launched Instagram Stories