An article on Fortune talked about the battle of monthly users between Facebook Inc (NASDAQ:FB)’s Instagram and Twitter Inc (NYSE:TWTR) and said that Twitter Inc (NYSE:TWTR) is not happy with the latest stats which show that Instagram has around 300 million monthly users. The article quoted Twitter Inc (NYSE:TWTR)’s Co-founder Evan Williams, who seems to be pretty freaked out on the latest hype of monthly active users.
Williams thinks that the popularity of a platform cannot be calculated by the monthly users. He gave the example of Facebook, and said that if a person uses the Facebook Inc (NASDAQ:FB) connect or makes an account on Facebook Inc (NASDAQ:FB)’s website and never comes back after that, will he be counted as a Facebook users? Williams thinks that we are following the wrong path. The idea of monthly users is wrong and we must look for how people take a social media platform in their lives. Twitter Inc (NYSE:TWTR)’s Cofounder said that his company is the trend setter. People take news from Twitter Inc (NYSE:TWTR) and talk about anything which is trending on Twitter Inc (NYSE:TWTR). Facebook has done a good job by changing its $1 billion acquisition into a famous photo sharing app but Twitter is ahead from Instagram in terms of popularity.
Williams went on to say that he does not ‘give a shit’ about Facebook Inc (NASDAQ:FB)’s Instagram users and if they are signing up to see pretty pictures of each other. Teased up Twitter Inc (NYSE:TWTR)’s Cofounder also said that his company makes a ‘hell lot more’ money than Facebook Inc (NASDAQ:FB)’s Instagram. Twitter Inc (NYSE:TWTR)’s CEO Dick Costolo also issued a statement a few days ago in which, he touted that Twitter Inc (NYSE:TWTR) users are around 500 million if anyone who sees the embedded content in tweet through app or browser is also counted as a user.
Ken Griffin holds 4.58 million shares worth $307.87 million of Facebook Inc. (NASDAQ:FB).
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