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The popular social network Instagram, which was acquired by Facebook for $1 billion 6 years ago, attracts new users and advertisers faster than Facebook, Bloomberg reports. Analysts at Bloomberg estimated the value of Instagram at $100 billion, noting that the cost would be relevant in the event that the application was an independent company. They predict that in the US Instagram will overcome the mark of 2 billion users until the middle of 2023. The annual revenue of Instagram by the middle of 2019 can overcome 10 billion dollars. The share of the photo service in 2019 will be 16% of all Facebook revenue and network services. The revenue of Instagram will grow due to advertising in the news feed.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
Property data and analytics company CoreLogic Inc on Tuesday rejected another $7 billion buyout offer, seeing it inadequate after meeting with the two bidders, investment firms Cannae Holdings Inc and Senator Investment Group LP. Cannae ...
Alibaba Group Holding Ltd's (BABA) co-founder Jack Ma sold $8.2 billion worth of shares, reducing his stake in the company over the past year from 6.2% to 4.8%. The Chinese e-commerce company released its annual report on Friday. The divestment ...
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