Instagram Valued at $35 Billion Passing Twitter

Instagram is the favorite little social media network. However, it is not so little any longer. On Friday, the valuation of the company was raised by Citigroup to $35 billion from its previous $19 billion.

The news comes after the video and photo-sharing network announced it now has more than 300 million active monthly users.

The social network world is constantly in flux, with some of the social networking sites increasing in popularity, while others either stagnate or drop.

Instagram is only the most recent example. On the Internet, tastes are always changing and at times quite quickly.

Back in April of 2012, Instagram was acquired by social network giant Facebook for over $1 billion.

At the time, it served just 30 million people and had just recently extended service beyond Apple’s iPhone.

However, the first day the version for Android hit, there were more than 1 million downloads and the growth has continued on a good pace.

Over the last 9 months, the user rate Instagram grew 50%, while active users on Twitter were up by just 4.8% in the most recent quarter.

Instagram’s growth might be in part due to its role as a type of news service, offering a feed of photos that is a type of communication that is far simpler than decoding the fast moving text feed of Twitter.

However, both of the networks struggle due to the same problem: The best way to make sense out of the constant flow of data.

The solution from Twitter is things such as location-based tweets and hashtags, but they do not always simplify matters,

Instagram, with a 100% visual approach is a great deal more straightforward.

Instagram as well want investors to know that the growth it announces is real. This past Thursday, the company made good on a promise to clean up spam on the network. It purged millions of accounts that were fake.

Follower counts of different celebrities and other users fell drastically, which caused a backlash that some called Instagram Rapture.

However, it is a respected move. On the internet today, humans are now outnumbered by bots and on the net’s social networks, they do not serve a purpose except to feed one’s vanity.

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