Facebook's $1 billion adopted baby is growing up fast and may end up making the social networking site look like savvy parents with an real eye for potential rather than a silly entity that spent ten figures on a camera app with social features baked in. Before we get too far ahead of ourselves, however, let's look at what Instagram has done, starting with its fast growing userbase.
According to Mashable , Instagram now has more than 50 million users and is adding news ones at a rate of 5 million per week. Instagram's growth is staggering, especially in light of the fact that it had 30 million users at the start of April and 15 million users at the start of the year.
Realistically, it will be difficult for Instagram to maintain that momentum over the long haul, and it's also worth mentioning that the app was only recently made available for Android after sitting pretty on the iOS side of the fence for two years. Still, at this rate, Instagram should end the year with 100 million members, and perhaps many more, depending on what Facebook does with it. Perhaps spending a billion dollars wasn't such a silly idea, after all.