Instagram is Reportedly Worth Over $100 Billion

According to Bloomberg, Instagram is estimated to be worth over $100 billion. Facebook was purchased in 2012 and reached 1 billion active users per month.

Bloomberg noted that Instagram is gaining new users faster than the main Facebook site, and is expected to get over two billion users in the next five years. It was also noted that Instagram is still growing in the United States, while Facebook is not. Because of Instagram’s constant growth in the U.S., the social media platform is way more appealing to advertisers.

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The Heat Reporter

I have been in the entertainment industry for many years, having worked closely with many well known artists. I am certainly no stranger to the entertainment industry and I strive to bring some of that insider knowledge to my readers. I have worked with Interscope and was heavily involved with developing Sucka Free Records. As I always says, Nothing comes to a sleeper but a dream. Make yours happen.