The Growth of Instagram: Your Picture Is Now Worth a Billion Dollars

April 20th, 2012 - By MN Editor

Instagram is living the ultimate startup dream.   The San Francisco-based upstart, which launched exclusively as an iPhone app back in October 2010, has created a new clique of photo enthusiasts.  Instagram alone boasted over 30 million users prior to its acquisition by Facebook. Now, the platform’s user base surpasses 40 million users; that’s equivalent to 5% of Facebook’s user base. When the company launched the Android version of the popular photo-sharing app earlier this month, it added an additional 10 million Instagram users to its already growing numbers in a six day time period.

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