The famous Photo-sharing platform Instagram is estimated to be worth over USD 100 billion. If Instagram were a standalone company. The report is published by Bloomberg.
In 2012 Facebook bought Instagram for just USD 1 billion. This means a 100-fold increase in return for the app.
The app reached 1 billion users last week after it launched IGTV, an app to support long-form videos. Instagram is estimated to be worth more than $100 billion.
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.
Facebook shares slipped 3.7 percent to $194.23 at 2:12 p.m. in New York, as the broader market, also declined. The stock has gained 10 percent so far this year, compared with a 1.5 percent gain in the Standard & Poor’s 500 Index.
According to a survey, In India, Instagram has 59 million monthly active users as of April 2018. India is third on the list after the United States, with 120 million users, and Brazil with 61 million users.