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Instagram Is Now Worth $100B

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A new estimate reveals that if Instagram was a standalone company, it would be worth $100 billion today, according to data compiled by Bloomberg Intelligence. The photo-sharing service recently hit 1 billion monthly active users, and the steadily increasing user base is expected to shoot revenue past $10 billion over the next 12 months. While Facebook continues to grow and has surpassed the 2.2 billion user milestone, Instagram is gaining new users at a rapid pace and is on course to get 2 billion users on its platform over the next five years, the study suggests. Facebook is reportedly losing the younger audience & its loss has been a boon to Instagram and other social media services including Snapchat, owing to features that better appeal to younger people.

You can literally give everyone in the world $1 billion and end homelessness lol. but thats not happening.

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Source : Investopedia

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