Instagram Valued At Over $100 Billion, Ten TIMES The Amount It Was Bought For In 2012

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Facebook Inc.’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 was purchased in 2012 by Facebook for $1 billion.

The photo-sharing platform, which reached 1 billion monthly active users earlier this month and is on track to exceed 2 billion users within the next five years, will likely help nudge Instagram revenue past $10 billion over the next 12 months,

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{Matzav.com}

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