Facebook’s (FB) Instagram Has Just Doubled This In 6 Months

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In the last six months, Facebook Inc.’s Instagram has had its advertising base more than double and now exceeds 500,000.

The picture-sharing app also now has more than 500 million users and has said that 1.5 million businesses switched to its Business Tools program in the two months since its launch earlier this year.

The Business Tools program allows businesses to promote posts and create custom profiles on Instagram that allows potential users to contact them by phone, e-mail or text messages.

Facebook bought Instagram for $1 billion in 2012.

Disclaimer: We have no position in Facebook Inc. (NASDAQ: FB) and have not been compensated for this article.