Facebook isn't afraid to make big acquisitions. Lest anyone need reminding of that, the social networking service dropped a bombshell on Oculus VR fans by announcing yesterday it had acquired the technology for $2 billion
. That's just one example of Facebook's willingness to drop big cash on startups. In April 2012, Zuckerberg and company scooped up Instagram
for $1 billion in cash and stock. Wondering how Instagram has fared
Back when Facebook acquired the photo sharing app, it stood at between 30 million to 40 million users. The acquisition gave Instagram's growth a boost, as did the company's decision to launch on Android around the same time. Fast forward to today and Instagram is now at 200 million members strong, and growing.
Around 50 million users joined Instagram's ranks in the last six months alone. That means the service is growing at a clip of around 8.3 million users per month. At this pace, Instagram could close out 2014 with around 275 million users. Not too shabby for a simple photo sharing app.
"The vibrance and diversity of this community has increased as it has grown. Over the past six months, we’ve seen new communities coming together in cities and towns across the world, whether they be in Guthrie, Oklahoma, or Guatemala City," Instagram stated in a blog post. "With January’s Worldwide InstaMeet 8, we saw record turnouts of communities coming together to form friendships, explore new places and celebrate creativity in all corners of the globe from New Dehli to New York, Bucharest, Nairobi and beyond."
What this all translates into is more than 20 billion photos shared on the service to date.