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June 27, 2018 01:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/-G1jsl0b1l4/instagram-is-estimated-to-be-worth-more-than-100-billion
Instagram Is Estimated To Be Worth More Than $100 Billion
An anonymous reader quotes a report from Bloomberg: Facebook's Instagram is estimated to be worth more than $100 billion, if it were a stand-alone company, marking a 100-fold return for the app purchased in 2012, according to data compiled by Bloomberg Intelligence. The photo-sharing platform, which reached 1 billion monthly active users earlier this month, will likely help nudge Instagram revenue past $10 billion over the next 12 months, Bloomberg Intelligence analyst Jitendra Waral wrote in a report Monday. Instagram is attracting new users faster than Facebook's main site and is on track to exceed 2 billion users within the next five years, Waral said. While the social network already has surpassed that milestone, Instagram's audience is younger than its parent, making it more attractive to advertisers. And unlike Facebook, Instagram is still growing in the U.S.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/-G1jsl0b1l4/instagram-is-estimated-to-be-worth-more-than-100-billion
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