Instagram now worth $100bn, 100 times more than 2012 sale cost
Facebook-owned Instagram is estimated to be worth over $100 billion, marking a 100-fold return for the photo-sharing app purchased in 2012, according to Bloomberg. Instagram, which reached one billion monthly active users earlier this month, is attracting users faster than Facebook's main site and could see its revenue go beyond $10 billion within the next 12 months, the report added.