Instagram, the popular iPhone app that has spurred the iphotography world with it’s pretty filters and ease-of-use has exploded in popularity.
The growth of Instagram is predicted at adding around 1 million new users a month, as popularity soars. Instagram, the visual Twitter – is only 8 months old, the service currently has 5 million users – yet only 4 employees.
Instagram is available ONLY on the iPhone for free. Currently the company is not in a hurry to find out how to monetize the app, after securing $7.5 million in in venture financing.
Will Instagram expand is realm from being an iPhone only app to Android and other mobile markets? Good question. But whatever they do, they have a good thing going!
Read more about the Rise of Instagram.