Facebook owned Instagram had earlier announced that its Instagram Stories has more than 200 million active users. Today the company has confirmed that its has reached a new milestone and now has over 700 million monthly active users which is an increase of 100 million in four months.
Instagram which was bought by Facebook in 2012 for $1 Billion has been steadily growing over a period of time and in the last six months the app has seen a growth of 100 million monthly active users.
Instagram claimed that around 400 million of its current users which is roughly 57% check in to its service daily and many of them do so more than once a day. The growth of Instagram app has been attributed to a streamlined sign up process and improved discovery of friends on the platform along with introduction of new features like the Instagram Stories.