Instagram growing faster than Facebook, worth more than $100 Bn: Report
Facebook Owned Photo Sharing Platform, Instagram has been estimated to be worth more than $100 billion, if it were a stand-alone company, making a 100 fold return for the app, as per the report published by Bloomberg Intelligence.
Instagram is garnering new customers faster than Facebook's main site each day and going by the pace it is expected to exceed 2 billion users within the next five years said, Bloomberg Intelligence analyst Jitendra Waral wrote in a report Monday.
While Facebook has already crossed this milestone, Instagram audience base is younger than its parent making it the most popular social media platform for advertisers. Interestingly, Instagram is also growing in the US, unlike Facebook.
Moreover, according to eMarketer data cited by Bloomberg Intelligence, Insta...