Instagram Valued at $35 Billion

December 19th, 2014 | by

Instagram, the popular photo-based social media platform, has received a higher value according to Citigroup. It was originally valued at $19 billion but it has increased in $35 billion in recent time.

Instagram, which was bought by Facebook two years ago for $1 billion, has a little more than 300 million active users at this time. The advancement of mobile devices has especially helped to make Instagram more popular. The site is still growing with the addition of new filters and controls that may be used on photos uploaded to the site.

This can be used on all mobile devices including the Windows Phone and is available in about 25 languages.

Source: TechCrunch