Instagram Dethrones Twitter – Boasts 16 Million Monthly User Gap Between Platforms

On Wednesday, Instagram announced it's user base has expanded to over 300 million monthly active users, trumping Twitter's 284 million by a solid 16 million users. Instagram has experienced a significant uptick in growth since Facebook's $1 billion dollar acquisition of the photo sharing platform in April 2012. The chart generated by BI Intelligence (shown below) better illustrates the expansion of Instagram and the differentiation between their growth rate and Twitter's. Twitter is projected to hit 296 million users by the end of Q4, but that still leaves them in the back seat to Instagram's already established 300 million.