 A picture is worth a thousand words, and Instagram is now worth $100 billion. The social network, which Facebook purchased in 2012 for a then-stunning $1 billion, has increased its value 100-fold, according to Bloomberg estimates. Instagram last week revealed that it had surpassed the 1 billion user mark for the first time and will likely see its revenue top $10 billion in 2019, according to Bloomberg Intelligence. The photo/video-sharing site has become the top social network among teen users and is on track to surpass 2 billion users by 2023. The new valuation comes less than a week after Instagram announced IGTV, a platform that will allow high-profile users to post videos of up to an hour long. Instagram earlier capped video posts at 60 seconds.
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[Source](https://nypost.com/2018/06/25/instagram-is-now-worth-a-whopping-100-billion/) [Plagiarism](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/) is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/faq.html#What_is__cheetah). [More information and tips on sharing content.](https://steemcleaners.org/copy-paste-plagiarism/) If you believe this comment is in error, please contact us in [#disputes on Discord](https://discord.gg/YR2Wy5A)
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