In April 2012, Instagram raised $50 million (equivalent to $63,320,000 in 2022) from venture capitalists with a valuation of $500 million (equivalent to $633,200,000 in 2022). The deal valued Instagram at around $20 million. In February 2011, it was reported that Instagram had raised $7 million (equivalent to $9,030,283 in 2022) in Series A funding from a variety of investors, including Benchmark Capital, Jack Dorsey, Chris Sacca (through Capital fund), and Adam D'Angelo. On October 6, 2010, the Instagram iOS app was officially released through the App Store. It has been wrongly attributed as the first Instagram photo due to the earlier letter of the alphabet in its URL. Systrom shared his first post, a picture of a dog and his girlfriend's foot, a few hours later at 9:24 p.m. The first Instagram post was a photo of South Beach Harbor at Pier 38, posted by Mike Krieger at 5:26 p.m. Josh Riedel joined the company in October as Community Manager, Shayne Sweeney joined in November as an engineer, and Jessica Zollman joined as a Community Evangelist in August 2011. They renamed it Instagram, a portmanteau of instant camera and telegram. Realizing that it was too similar to Foursquare, they refocused their app on photo-sharing, which had become a popular feature among its users. On March 5, 2010, Systrom closed a $500,000 (equivalent to $658,300 in 2022) seed funding round with Baseline Ventures and Andreessen Horowitz while working on Burbn. Instagram began development in San Francisco as Burbn, a mobile check-in app created by Kevin Systrom and Mike Krieger. Instagram icon from 2016 to 2022, when it was updated to include even more saturated colors Although often admired for its success and influence, Instagram has also been criticized for negatively affecting teens' mental health, its policy and interface changes, its alleged censorship, and illegal and inappropriate content uploaded by users.įor a chronological guide, see Timeline of Instagram. As of October 2015, over 40 billion photos had been uploaded. The Android version of Instagram was released in April 2012, followed by a feature-limited desktop interface in November 2012, a Fire OS app in June 2014, and an app for Windows 10 in October 2016. acquired the service for approximately US$1 billion in cash and stock. Originally launched for iOS in October 2010 by Kevin Systrom and Mike Krieger, Instagram rapidly gained popularity, with one million registered users in two months, 10 million in a year, and 1 billion by June 2018. As of January 2019, Stories is used by 500 million people daily. It also added messaging features, the ability to include multiple images or videos in a single post, and a Stories feature-similar to its main competitor Snapchat-which allowed users to post their content to a sequential feed, with each post accessible to others for 24 hours. In 2015, this restriction was eased with an increase to 1080 pixels. Instagram was originally distinguished by allowing content to be framed only in a square (1:1) aspect ratio of 640 pixels to match the display width of the iPhone at the time. It supports 32 languages including English, Spanish, French, Korean, and Japanese. Users can take photos and edit them using built-in filters and other tools, then share them on other social media platforms like Facebook. A Meta-operated image-centric social media platform, it is available on iOS, Android, Windows 10, and the web. Users can browse other users' content by tags and locations, view trending content, like photos, and follow other users to add their content to a personal feed. Posts can be shared publicly or with preapproved followers. It allows users to upload media that can be edited with filters, be organized by hashtags, and be associated with a location via geographical tagging. Instagram is an American photo and video sharing social networking service owned by Meta Platforms.
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