Instagram is a social networking site which allows sharing photos and videos along with personal chats. Facebook Inc. owns it at present, and it was created in the year 2010 by Mike Krieger and Kevin Systrom. At first, it was developed for iOS, but later on, it’s Android version was made available after six months only. If you want to know more about evolution and net worth of Instagram in 2018, then you can read this article ahead.
It started developing in San Francisco and then was introduced on the 6th of October in the year 2010. On 3rd April in the year 2012, it was released for the Android phones, and it was downloaded for more than a million in just one single day. In the year 2012, website profiles were launched on Instagram, and the users could be able to see their account feeds from their web browsers. In the year 2013, the beta version of Instagram was released, and it was available for the Windows phones also.
Users can upload their pictures and videos and can also follow other’s feeds. The account can be set as private so that the unknown people would need approval before their request is approved. With many filters, optional borders, HD photographs, and one-click rotation, it has provided many new features for the users. Users can make their pictures look much better with the help of these awesome filters. In the year 2012, Instagram also added another feature called, ‘Explore’ which included displaying famous pictures.
In the year 2010, during TechCrunch, Instagram was runner-up for the title, ‘Best Mobile App.’ In the year 2011, Kevin Systrom was also ranked on 66th position among the most creative people in the business. In September 2011, this app also won the title of Best locally made the app by SF Weekly. In December in 2011, Instagram was named as, ‘App of the year’ by Apple Inc. In the year 2015, it was named as number 1 app by Mashable on the list of, ‘Best iPhone apps of all time.’
Net Worth & Earnings
The net worth of Instagram is around $100 billion, and Facebook purchased this app in the year 2012 with just One billion of the amount. Instagram has become a better app than Facebook at present. In the next five years, it is expected that it would cross around two billion users per month.
Instagram is known as one of the most influential social networking sites in the world at present. Many people are using this awesome app to remain connected with their friends. This app is loved by people, and you can see this app in most of the people’s phones in these times. It is a great app for sharing photos and videos, and it also allows people to earn money by having their pages on it. It has become a better networking site than Facebook because of increased users.