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Instagram Stories surpass Snapchat with 250 million daily users

Instagram Stories surpass Snapchat with 250 million daily users

Instagram added Stories in August 2016, which allows users to post disappearing stories for a 24-hour period eerily similar to Snapchat's capabilities. "If you think about it a year ago when we sat together, Instagram Stories didn't exist", Everson told CNBC. Snapchat has yet to comment on the findings but the company's first ever earnings report was wide of the mark, in addition to Snap's stock hitting an all-time low last week.

Since Instagram announced in October that 100 million people viewed Stories daily, it has added 50 million new daily viewers every three months. The company hasn't released any detailed metrics about the usage of its live streaming feautre, but said Tuesday that "millions of people" had made use of it.

Facebook purchased Instagram in 2012 for $1 billion. Everson emphasized that Facebook invented the Feed format, which is now used by Instagram and other competitors.

US Oil Prices Tumble Below $45 After Surprise Build in Gasoline Inventories
The EIA expects US output to grow by 460,000 bpd in 2017, while OPEC forecasts USA production to increase by 800,000 bpd in 2017. Crude futures continued to fall Wednesday after an industry group said USA oil and gasoline stockpiles rose again last week.

From new creative tools to location stories, we've been focused on making it easier to share any moment and uncover stories from the accounts and interests that matter most to you. You stream a broadcast from your phone and your friends can tune in to watch you live. "You ou are going to see Stories in a lot of different platforms". By January, the feature had 150 million daily active users. Instagram is now enabling you to give your followers another chance to check out the live video that you shared on the social network.

You can also choose to Discard the video from the toggle so that it disappears as it would have done. Millions of people have been using it since its introduction.

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