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Instagram is a social media service owned by Facebook for sharing photos and videos. Instagram launched in 2010 exclusively as an iOS app and didn’t come to Android and the web until 2012.

Facebook acquired Instagram in April of 2012 for $1 billion. Facebook also offered to buy Instagram’s closest competitor Snapchat back in 2013 for $3 billion.

In June of 2017 Instagram shared that it reached 250M daily users, surpassing its rival Snapchat by almost 100M. It also has over 700M total users.

Instagram has been criticized for taking popular features from Snapchat such as face filters, stories, and stickers. The company also has plans moving forward to introduce more business focused features.

Instagram making it easier for businesses to show ads through Stories w/ new ‘Promote’ feature

Instagram

A new report from TechCrunch today says Instagram is testing a new “Promote for Stories” feature will make it easier for businesses and advertisers to target users through Stories. Similar to Facebook’s “Boost” platform, advertisers will be able to target certain users based on a variety of characteristics.


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Instagram co-founder Kevin Systrom addresses departure & relationship w/ Facebook in new interview

A few weeks back, Instagram co-founders Kevin Systrom and Mike Kreiger announced they were leaving Facebook six years after the initial acquisition. At the time, reports suggested a growing rift between Instagram leadership and Mark Zuckerberg, and now Systrom has publicly addressed the relationship for the first time.


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Instagram prototyping feature that would share your detailed location data with Facebook

TechCrunch reports today that Facebook is testing a new privacy setting that would share location history from Instagram with Facebook. This news comes on the heels of the Instagram cofounders leaving the company, with Facebook’s former VP of News Feed being named Head of Instagram. The Instagram location sharing is still in the testing phase, but Facebook did not rule out a full launch.


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Instagram co-founders leave Facebook, hint that they will create an all-new app

Update: Facebook shares have fallen 2% in pre-market trading, which would wipe $11B from the company’s market cap if unchanged by the time the market opens.

Instagram’s two founders, who have continued work on the app since it was acquired by Facebook six years ago, have announced that they are leaving Facebook to work on something new …


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