The website has already moved ahead of Twitter in terms of users. Nine months after it reached the 200 million user mark, Instagram now says it has 300 million people using the service every month.

The app now beats Twitter's 284 million active users, as per the figures on the microblogging website. Twitter added about 38 million users since March while Instagram boosted its count by 100 million.

"Over the past four years, what began as two friends with a dream has grown into a global community," Kevin Systrom, Instagram CEO, was quoted as saying in media reports.

Instagram users share 70 million photos every day and it has a base of 30 billion photos.

Instagram will also permanently delete spam accounts, which may cause a drop in some users' follower counts.