Instagram value increases to $35 billion December 22, 2014 - 12:05 AMT PanARMENIAN.Net - The value of Instagram has increased once again, according to Citigroup estimations. On December 20, the firm raised its value of the photo-sharing app from $19 billion to $35 billion, Digital Spy reports citing TechCrunch. The figure is a sharp increase from the $1 billion Facebook paid for it back in 2012. The app's latest valuation has been helped by recent news that it has overtaken Twitter's number of users with 300 million members. Twitter's user base currently stands at 284 million, putting Instagram ahead by a considerable margin. Earlier this week, the app was given five new filters. The company has also deleted millions of spam accounts.  Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Erdogan wants “realistic road map” for relations with Armenia  Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia.Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements.Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of ArmeniaHenrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |
