While there are talented photographers on Instagram, the app is really poor as a way to appreciate photography (can't zoom, no iPad app to better view content) and it's also poor as a community, favouring instead over-consumption and poor engagement (low quality comments, if any).
Then there are the shenanigans that game user engagement, like delaying likes to force people to check the app more often or nagging me to enable notifications every single time I open the app.
It has become little more than an ad-delivery platform.
The addition of stories does make it feel busier though. I'm enjoying my time on it much less than I used to. Even after muting stories from people whose stories I wasn't interested in watching.