FACEBOOK’S INSTAGRAM IS ESTIMATED TO BE WORTH MORE THAN $100 BILLION ,IF IT WERE STAND ALONE COMPANY, MARKING A 100 FOLD RETURN FOR THE PHOTO-SHARING APP THAT WERE PURCHASED IN 2012, ACCORDING TO DATA COMPLAINED BY BLOOMBERG INTELLIGENCE.
THE PHOTO-SHARING PLATFORM,WHICH REACHED 1 BILLION MONTHLY ACTIVE USERS EARLIER THIS MONTH, WILL LIKELY HELP NUDGE FACEBOOK’S REVENUE,,PAST $10 BILLION OVER THE NEXT 12 MONTH,S BLOOMBERG INTELLIGENCE ANALYST JITENDERA WARAL WROTE IN A ERE-PORT ON MONDAY.
INSTAGRAM IS ATTRACTING NEW USERS FASTER THAN FACEBOOK’S NEW SITE AND IS ON TRACK TO EXCEED 2 BILLIONS USERS WITH IN THE NEXT FIVE YEARS,WARAL SAID.Bloomberg