Instagram announced on Tuesday that it has reached 500 million monthly users. The Facebook-owned photo sharing service also said that 300 million users check the service everyday. To recall, Instagram had hit 400M users about nine months ago. From a Time report: “It’s a big milestone for us because we set to create a community, not just a photo-sharing app,” Instagram co-founder and CEO Kevin Systrom tells TIME in an exclusive interview. “One of the things we said early on is that everyone can create a photo-sharing app, but not everyone can build a community that lasts. And [these 500 million users] are not in silos. They are all interacting with each other. It’s a global community, with over 80% of those people outside of the United States.”

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Source: Slashdot – Instagram Hits 500 Million Users