Is Snapchat the New Instagram?

Yesterday we asked on twitter if folks were dumping Twitter for Instagram. We got a couple answers saying that people use both. Well, according to Mashable, what we should have been asking is, are people dumping Instagram for SnapChat. Check out these stats:
  • Instagram users post an average 55 million pictures a day. 
  • Snapchat says its users are sharing 350 million pictures a day.
We don't even have a SnapChat account! So behind the times.