Instagram beats Twitter with over 400 million users

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Washington: Popular photo-sharing website Instagram has zoomed past the micro-blogging site Twitter with over 400 million users.

The Facebook-owned site has acquired 100 million new users in the past nine months, while Twitter currently has 316 million monthly active users.

As reported in Forbes, more than 75 percent of Instagram million users live outside the US.

“When Instagram was launched nearly five years ago, 400 million seemed like a distant dream,” Facebook said in a blog post.

“Now, we continue to strive to improve Instagram? helping you experience the world through images and connect with others through shared passions,” the post added.

More than half of Instagram’s new members live in Europe, Asia, Brazil, Japan and Indonesia.

More than 80 million photos are shared on the service every day, up from 70 million in June.

According to the global research firm eMarketer, Instagram’s ad revenue will reach about $1.5 billion in 2016 and $2.8 billion in 2017.

According to estimates, Instagram’s global ad revenue will be $600 million this year.

Instagram has recently improved its ad offerings after testing ads on its platform for the first time.

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