It was acquired by Twitter in October that year. Vine (service), a short-form video sharing service, launches. Instagram hits 50 million monthly active users. įacebook acquires Instagram for approximately US$1 billion in cash and stock. Instagram raises US$50 million from venture capitalists for a share of the company the process values Instagram at US$500 million. Instagram is released for the Android operating system with support starting at version 2.2 "Froyo", and it is downloaded more than one million times in less than one day. Version 2.0 of Instagram goes live in the App Store (iOS) and included new and live filters, instant tilt–shift, high resolution photographs, optional borders, one-click rotation, and an updated icon. Instagram hits 10 million monthly active users. Instagram hits 5 million monthly active users. The deal values Instagram at around $25 million. Instagram has raised US$7 million in Series A funding from a variety of investors, including Benchmark Capital, Jack Dorsey, Chris Sacca (through Capital fund), and Adam D'Angelo. Instagram encourages users to make tags both specific and relevant, rather than tagging generic words like "photo", to make photographs stand out and to attract like-minded Instagram users. Instagram adds hashtags to help users discover both photographs and each other. Instagram surpasses 1 million registrations. Over 25,000 users registered on launch day, and over 100,000 in a week since launch. īurbn is rebranded to its current name Instagram (from Systrom and Krieger) with the aim of facilitating communication through images. Systrom closes a US$500,000 seed funding round with Baseline Ventures and Andreessen Horowitz while working on Burbn. Kevin Systrom starts working on the project with the name Burbn. Below is a timeline of the social networking service Instagram.
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