Facebook (NASDAQ:FB): Current price $26.93
It’s official: The Facebook-owned photo application Instagram has reached 100 million users. Chatter regarding Instagram’s decline has been tooling around the web ever since the service was acquired by Facebook in a deal that was first reported almost a year ago. But since then, the service has also undergone a PR firestorm because of modifications to its terms of service, a bad decision that some said had removed from Instagram 25 percent of its daily user base. It is true that both the acquisition and the terms faux pas did cause lots of users to stray to other photo-sharing sites, but despite these rumors and persistent user backlash over the associated changes, Instagram said it was seeing no signs of slowing.
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