Instagram is a social media platform that allows users to share photos and videos, and was founded by Kevin Systrom and Mike Krieger. The platform was launched on October 6, 2010, and quickly gained popularity, reaching 1 million registered users within two months of its launch.
The original idea for Instagram was a location-based social network called Burbn. However, after observing the success of other photo-sharing apps like Hipstamatic, Systrom and Krieger decided to focus on creating a photo-sharing app with built-in filters and editing tools.
Initially, the app was only available on the Apple App Store, and was exclusively for the iPhone. It wasn't until 2012 that Instagram launched an Android version of the app, which quickly gained millions of users.
In April 2012, Facebook acquired Instagram for $1 billion, which at the time was seen as a very high price for a startup that had yet to generate any revenue. However, the acquisition proved to be a wise move for Facebook, as Instagram has continued to grow in popularity and has become an important part of the social media landscape.
Over the years, Instagram has added a range of features, including the ability to share videos, stories, and live streams. It has also introduced a variety of tools for businesses and creators to monetize their content on the platform.
As of 2021, Instagram has over 1 billion active users and continues to be one of the most popular social media platforms in the world.
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