Instagram’s user base has doubled in size from 300 million monthly users to 600 million monthly users in two years. Instagram reached 500 million users in June, adding its latest 600 million users in six months. It took the app nine months to grow from 400 million users to 500 million users.
Instagram first launched in 2010 and was acquired by Facebook FB +0.23% for about $1 billion in 2012. This year, the company has been focusing on growing its global advertising business and enabling more real-time sharing. After first launching advertising widely about a year ago, the app reached 500,000 advertisers in September. Instagram is expected to generate about $1.5 billion in mobile advertising sales this year and $5 billion in 2018, according to forecasting firm eMarketer. Lately, Instagram has been pushing into mobile shopping and launched a series of new tools last month to encourage product browsing within the app.
Instagram has also been steadily rolling out updates to promote more frequent, spontaneous sharing within the app. Last month, it launched live video for the first time and this week, extended the tool to all U.S. users. Live video disappears in the app immediately after a live stream ends, which has helped encourage users to experiment with the tool. This summer, Instagram launched a clone of Snapchat’s core “Stories” feature, which allows users to post chains of photo and video clips with illustrations and filters. Instagram’s feature has 100 million daily active users. (By comparison, Snapchat reportedly has 300 million daily active users.)
Instagram recently incorporated ephemeral sharing into its messaging service “Direct.” Last month, Instagram made it possible for users to send disappearing photos and videos in group and private “Direct” threads, while keeping traditional direct messaging the same. Direct reached 300 million monthly active users last month, up from 80 million users last year.
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