Instagram has announced that it has 700 million users. This indicates a pretty impressive growth from 600 million in December 2016. The company has attributed the increasing user growth to stories, live video and disappearing messages in Direct. Earlier this month, Instagram revealed that over 200 million people are using Instagram Stories every day.
Looking at the background of the app, it had announced 500 million users mark in June last year, meaning it took five months to grow to its next major milestone in December.
Instagram said in a blog post:
We’ve made it even easier for people across the globe to join the Instagram community, share their experiences and strengthen connections to their friends and passions. With new features like stories, live video and disappearing messages in Direct, people now have more ways than ever to express themselves and feel closer to what matters to them.