Instagram has grown to over 700 million members. Its growth rate has increased since December, when it was at 600 million users.
“With new features like stories, live video, and disappearing messages in Direct, people now have more ways than ever to express themselves,” said Instagram.
TechCrunch reported that Instagram’s growth has come at Snapchat’s expense, following the launch of Instagram Stories.
Instagram launched Stories in August 2016, and reported that it sees 200 million daily active users on the feature.
Snapchat’s growth decreased by 82% since the launch of Instagram Stories, reported TechCrunch.