Instagram: Users not bolting

Investor's Business Daily

The Facebook (FB)-owned photo sharing service said reports that average daily usage declined by 25% are wrong. Users threatened to bolt earlier this month over terms of use changes, and Instagram quickly backed down. AppData results seemed to show a drop, but Instagram says users are up, and AppData now says any dip was holiday related. The social media site tumbled as much as 3.5% early on the report, but rebounded and closed down 0.5% at 25.91.


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