Instagram Hits 400 Million Users

Yes: I am a dreamer. For a dreamer is one who can only find his way by moonlight, and his punishment is that he sees the dawn before the rest of the world.”  — Oscar Wilde.

Milestone

We are thrilled to announce that the Instagram community has grown to more than 400 million strong,” Instagram said in a blog post today.INSTA

So, Facebook (FB) — its owner — keeps growing.

What else was relevant in the latest update from the photo-sharing smartphone app?

Encouraging Trends

First, its “community has evolved to be even more global, with more than 75 percent living outside of the US.”

Second, “among the last 100 million to join, more than half live in Europe and Asia.

When Instagram launched nearly five years ago, 400 million seemed like a distant dream,” it concluded.

FB’s carefully monitoring targets as it purses inorganic growth.

Who’s next then?

That’s not really the point: the question is how much FB will pay for its next target, folks.

(Alessandro Pasetti and Hedging Beta are not invested in any of the companies mentioned in this article.)

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