Instagram to Offer Millions of Current Events Photos - The New York Times

Later in the article: "Facebook’s stock closed at a record high of $87.88 on Tuesday, in part because of investor excitement over new advertising products on Facebook and Instagram that company executives discussed at a conference in Cannes, France."

"On Tuesday, Instagram began tapping into the 70 million photos and videos posted daily to its service to put its 300 million users in the middle of current events, including Taylor Swift’s latest concert and the memorials to the victims of the Emanuel A.M.E. Church shootings.

Despite Twitter’s reputation for dominating such live events, Mr. Systrom contends that his rival’s emphasis on text means it does not do a good job of helping people find out what is happening and feel part of it."

Instagram to Offer Millions of Current Events Photos - The New York Times