Instagram Hits 400M Monthly Users As Twitter Slows To A Halt

0
Instagram Hits 400M Monthly Users As Twitter Slows To A Halt
Image source: Pixabay

While Twitter may still dominate the political discourse as well as remaining relevant, Facebook’s photo sharing app Instagram has announced that it now has 400 million monthly users blowing past Twitter.

Oh what a difference nine months makes

It was only nine months ago that Instagram announced that it had reached 300 million monthly users. Comparatively, Twitter claims somewhere in the neighborhood of 315 million monthly users. While Twitter has had some success with building revenues, it is still struggling to find additional users. Conversely, Instagram seems to be finding them everywhere and from all corners of the world. While both David Beckham and Caitlyn (formerly Bruce) Jenner have joined the service in the last nine months, surely Instagram’s recent successes come from more than simply adding the two stars.

Corsair Capital Adds 17.5% In 2021, Notes “Change In Leadership” In Markets

According to a recent interview, Corsair Capital's founder Jay Petschek did not plan to be a hedge fund manager. After holding various roles on Wall Street, Petschek decided to launch the fund in January 1991, when his family and friends were asking him to buy equities on their behalf. He realized the best structure for Read More

Instagram announced its 400 million with the following post from its team…

Our community has evolved to be even more global, with more than 75 percent living outside of the US. To all the new Instagrammers: welcome! Among the last 100 million to join, more than half live in Europe and Asia. The countries that added the most Instagrammers include Brazil, Japan and Indonesia.

Monetizing Instagram

Facebook’s CEO Mark Zuckerberg’s “separate apps” strategy seems to be working. Facebook presently claims about 1.4 billion monthly users which is unlikely to be caught anytime soon. Given Facebook’s success and sway, its standalone (FB) Messenger app has over 700 million monthly users. WhatsApp, which Facebook purchased in 2014 for $19 billion, is rapidly approaching a billion users.

Next, is the money for Facebook if Instagram’s numbers are to be viewed as a success. Earlier this month, Instagram rolled out widespread advertising and will soon introduce targeted ads as well.

“We’re moving from the hundreds of large brands we work with today to the several thousands of medium and small businesses with a presence on Instagram,” said James Quarles, Instagram’s global head of business and brand development.

“There are 2 million advertisers on Facebook today—that’s the size and scale we’re looking at. Plus expanding from eight markets to 30, that gives you a sense of the broadening of availability.”

Additionally, the company rolled-out a feature called Marquee for brands to quickly get the word out on a movie debut or product launch.

“Lots and lots of advertisers have these moments they want to communicate broadly,” said Quarles. “If you have a movie launching, a new handset launching, those are all big moments. Marquee offers the ability for a campaign to have greater prominence.”

Lastly, Instagram introduced a “shop now” button to chase even more revenue.

“There are just so many small businesses, from coffee shops to retailers, that have organic accounts; we’ve found we can create value for the businesses, value for the community,” said Quarles.

Facebook’s bottom line

It remains nearly impossible to quantify what these new Instagram revenue streams mean to Facebook’s bottom line, but with announcements like today’s it’s difficult to look at the Instagram purchase as anything less than a shrewd investment for Facebook.

Updated on

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>
Previous article J C Penney Names John Tighe As New Chief Merchant Officer
Next article Intel’s Results Could Get A Push From PC Chip Stockpiling

No posts to display