Instagram announced Wednesday that it now has more than 300 million monthly active users, up from 200 million in March.

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Instagram has announced that it has officially reached 300 million active users, making it larger than Twitter.

Instagram users are also now posting 70 million photos and video a day.
Instagram shared the news in a blog post, where it also announced new verified badges for celebrities, athletes, and brands.

Facebook's companion company, bought for $1 billion in 2012, announced the milestone today, as well as the fact that it will start handing out verified accounts, the kind coveted by Twitter's users. 
The verified badges will be for public figures and brands, Instagram said. Verified badges, coming within the week, "will make it easier for people to identify and follow the authentic brands they care about," Instagram said today in an email. "When an account is verified, a blue badge will appear next to its name in its profile as well as in search."

It’s also fascinating how Facebook’s gobbling of the social media sphere is adding millions to its user counts—Facebook Messenger has 500 million users ad WhatsApp, bought by Facebook earlier this year for $19 billion, adds another 600 million.
Source: Mashable

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