Instagram Turns 5: How Good Of A Buy For Facebook?

By | October 6, 2015

Scalper1 News

It’s time to light the candles and choose a filter: Today is Instagram’s fifth birthday. The Facebook (FB)-owned photo-sharing app boasts over 400 million users — more than Twitter (TWTR). So did Facebook make a good move with its $1 billion buyout of Instagram back in 2012? The platform’s revenue is basically just a drop in the bucket for Facebook for now, but eMarketer predicts that its revenue could more than double to reach about $1.5 billion Scalper1 News

Scalper1 News