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Instagram is now worth $35 billion, after Facebook paid $1 billion

After Facebook acquired it for $1 billion, Instagram is now worth an incredible $35 billion

Anthony Garreffa | Dec 20, 2014 at 05:45 pm CST (0 mins, 36 secs reading time)

Most thought that Facebook was a bit crazy when it purchased image sharing service Instagram for $1 billion, but now the company is worth upwards of $35 billion according to a new valuation estimate.

Instagram is now worth $35 billion, after Facebook paid $1 billion | TweakTown.com

Citigroup has performed the valuation, with the previous valuation pegging Instagram at being worth a still-impressive $19 billion. The increased value is coming off of the news that Instagram now features over 300 million active monthly users, and is growing much faster than most have anticipated.

The $35 billion valuation is still quite speculative, withi Citigroup's own analysts weary of it, as it depends on multiple factors, but they're still optimistic that the service is undermonetized. Citigroup believes that Instagram could provide Facebook with around $2 billion in annual revenue eventually.

Last updated: Dec 6, 2019 at 02:46 pm CST

NEWS SOURCE:techspot.com
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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