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Thomas Trutschel—Photothek via Getty Images

Instagram now boasts more than 500 million users, more than 80 percent of whom are outside the United States, the company said on Tuesday, in a sign of the photo-sharing app’s rapidly growing global reach.

The company owned by Facebook had 400 million users last September. It has seen its user base more than double over the past two years. Instagram added that 300 million people used the app every day.

Instagram has quickly eclipsed its rivals, notably Twitter, which has seen its user base stall at just above 300 million. Facebook has about 1.6 billion users.

Read More: Facebook Pays 10-Year-Old $10,000 for Hacking Instagram

Facebook bought Instagram in 2012 for $1 billion, its first large acquisition, a deal initially met with skepticism.

Instagram has grown into one of the most popular social media apps worldwide and is expected to contribute significantly to Facebook’s revenue, with research firm eMarketer predicting the company will generate $1.5 billion in ad revenue this year.

It is able to leverage Facebook’s popular advertising technology and resources to target highly specific audiences.

Instagram said users shared on average more than 95 million photos and videos every day, with posts garnering 4.2 billion “likes” each day.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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