As you could probably guess by its name, Stories will no longer disappear after 24 hours.
From now on, all your stories will automatically save to your Stories Archive when they expire. One example of this from Instagram is a user can show off the start of their season playing soccer, adding new Stories to their Highlight along the way, all the way up to the end of the season so they can show off the most noteworthy moments from start to finish.
And for good reason - part of the company's reasoning behind Stories in the first place (besides competing with Snapchat, that is) was that users were so exacting about what was on their profile that they weren't posting almost as often as Instagram wanted. There, the saved Stories will live alongside any posts you've previously archived. The "Stories Archive" page is where you'll see all your past stories. Stories Highlights is a new part of your profile where you can express more of who you are through stories you've shared. For those that don't want the auto-archive feature, you will be able to turn it off. To create a highlight, tap the "New" circle at the far left. When you're finished, the story highlight will sit on your profile page to the right of the "new" bubble, where users tap to view it.
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You can tap on any story in your archive to watch it.
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One of the biggest attractions of Instagram Stories has been the fact that the feature lets you capture any moment in time without making it a permanent thing. Users will receive a notification when Stories Archives kicks in, letting them opt out of the feature.