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.
Read the rest at Black Enterprise