(MENAFN- Saudi Press Agency)
Washington, Ramadan 17, 1437, June 22, 2016, SPA -- Facebook''s photo platform Instagram announced
Tuesday that it has reached the half-billion user mark, according to dpa.
More than 300 million of those users interact with the service on a daily basis, the San Francisco-based company said in blog post. More than half the users live outside of the United States.
Facebook paid 1 billion dollars for Instagram about four years ago, when the company had approximately 30 million users. Since then, Facebook began placing advertising between Instagram photos.
The company reached 400 million users in September 2015. Facebook itself has 1.6 billion active users. Facebook competitor Snapchat has 150 million daily users, according to Bloomberg.
--SPA
02:49 LOCAL TIME 23:49 GMT
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.