Instagram Stories Hits 150M Daily Users, Launches Skippable Ads

Along with the new 150 million daily user stat, Instagram, which is owned by Facebook (FB) - Get Report  on Wednesday announced the launch of ads mixed into Stories. The unclickable five-second photo and 15-second video ads appear between different people's stories and can be easily skipped. Instagram has signed up over 30 brands including Airbnb, Nike (NKE) - Get Report and Netflix (NFLX) - Get Report to participate in the initial rollout, which is happening globally over the next few weeks

This article was written by a staff member of TheStreet.