Hold It: Instagram’s Users Drop, but Terms of Service Mishap May Not Be to Blame
There are reports around the Web today that Instagram has lost around 25 percent of its daily active users connected to Facebook, according to an app-tracking firm AppData.
Some reports are attributing it to the change in Instagram’s terms of service, which had caused a frenzy on the Web. Facebook’s stock also is down more than 2 percent today, which could be a result of those reports — any weakness in an app that Facebook paid $1 billion for at the time wouldn’t be well-received by the market.
