Instagram possibly valued at $500 million
The free iPhone photo sharing app that boasts users such as President Obama, skateboarder Tony Hawk, singer Justin Bieber, actress Zooey Deschanel, and rapper Snoop Dogg might be getting new funding that will value it at $500 million, according to The Wall Street Journal.
One year ago, Instagram was valued at just $25 million. Despite this enormous growth and a base of more than 15 million users, the popular app has struggled to make money since its inception in March 2010.
Unlike other apps and social-networking sites, Instagram isn't well positioned to feature advertising, paid content, or other e-commerce … Read more