Instagram is worth $35 billion, according to Citigroup


When Facebook bought Instagram for $1 billion in April 2012, the price tag came as a shock to many

A little more than two years later, Citigroup said Instagram is worth $35 billion, a number that the bank called “conservative” in a research note on Facebook issued Friday

It is another piece of good news in what has been a stellar 2014 for Instagram. The photo-sharing app recently hit …

More about Social Media, Instagram, Business, Media, and Facebook …read more

Via: Mashable: Media

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