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

1
>>Follow Matzav On Whatsapp!<<

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,

Read more.

{Matzav.com}


1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here