At that level, Instagram likely has about as many or more users than Twitter, which announced in October that it had 284 million active users in the third quarter. Instagram's user growth is far surpassing that of Twitter.
"We’re thrilled to watch this community thrive and witness the amazing connections people make over shared passions and journeys," Kevin Systrom, Instagram's cofounder and CEO, said in a blog post.
In addition to the user numbers, Instagram announced that it will be introducing "verified badges" for celebrities and brands. It is also in the process of cutting down on "spammy" accounts.
Facebook agreed to acquire Instagram for $1 billion in 2012, an amount that shocked people at the time, but now sounds comparatively cheap.
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