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Instagram Is Estimated to Be Worth More Than $100B

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61–70 of 394 posts

Re: Instagram Is Estimated to Be Worth More Than $100B

#61
post #47

I have some adult friends spending 1 or 2 hours a day on Instagram. I can’t even imagine how much time millenials spend on it.

Millennial here, deleted my account a few days ago. Unlike most platforms, Instagram cuts strait to the most depressing part: pictures. I've had enough with social media, and I envy those who never created a Facebook.

If pictures are depressing you you might be following the wrong people.

Re: Instagram Is Estimated to Be Worth More Than $100B

#62

No wonder. Anecdotal of course, but I see my friends spending more time on instagram and people on the train or bus browsing instagram. I don't remember seeing FB on someone's mobile in the last 6 months. It will only grow bigger and at some point when it becomes too big, you see less friends posts and more advts and people move on to something else. But for next 2 years, Instagram's going to be Yuuuge.(Huge)

I constantly see people at airports on FB

Re: Instagram Is Estimated to Be Worth More Than $100B

#63
post #60

I remember the outrage when Zuckerberg bought Insta for $1bn. The Internet was filled with bubble-theorist. Say what you want about Zuckerberg but the guy was well ahead of his time and could see how things would evolve and what tick with people brains.

It's a shame he couldn't put that vision to a better use than advertising.

Re: Instagram Is Estimated to Be Worth More Than $100B

#64
post #48

I've long had a theory (maybe it's not that revolutionary) that part of Instagram's success is it allowed people a free pass to be vain and show off-y. On Facebook, it was a bit stigmatized to post a picture of an expensive purchase, amazing house interior, fancy vacation, or workout picture of your physique. However, it's the entire point of Instagram. Couple that in with all the brands and other accounts of inspira…

For me, it's loading up Instagram and seeing just a bunch of interesting photos. Minimal memes, no link shares, and it's rare a comments thread that devolves into insanity.

Re: Instagram Is Estimated to Be Worth More Than $100B

#65

I wonder about Instagram's success if they had decided to reject the Facebook acquisition. While there's no way to know who got the better end of the deal, it would be better for the tech ecosystem to have more large players and their success feels inevitable in hindsight.

I feel like Facebook would have found an alternative to squash the competition, but also, in this case I agree that they were already bound to be successful given the ease of use.

I found the story of Instagram interesting, if you're curious. Link to the "How I Built This" podcast episode on Instagram: https://www.stitcher.com/podcast/national-public-radio/how-i...

Re: Instagram Is Estimated to Be Worth More Than $100B

#66
Social pressure to be on instagram seems to be growing. For years I could get by with facebook, and my phone number / whatsapp for close enough friends. I'm now on instagram after a bunch of people I met independently in Berlin, Amsterdam and San Francisco in the last few weeks expected me to have an account there. I told the youtube UX person who I met in SF that I noticed this trend and don't fully understand it, and her response was that instagram is just how you write messages these days, as if this was totally obvious and not a side feature of instagram.

Re: Instagram Is Estimated to Be Worth More Than $100B

#67
post #26

Earlier quoted context omitted.

I think TheRealPomex' point was that the companies pay money for those ads because facebook has the user data to ensure the ads are appropriately targeted.

I have never found facebook ads 'worth it'. Even with professional marketers, total joke and waste of money. People do not click on ads, and those that 'do', might be fake facebook bots or actually facebook messing with numbers. My new 'ad' is that I make content that people will search for on google. Then they can check out the rest of my website.

As much as I’d love to agree with you there are a lot of idiots out there that click on ads because they legitimately believe it’s a good product/service (hint: if they have to pay someone to shove their product in your face, it’s not a good one), or can’t tell the ads from real content (I guess that’s why “chumboxes” like Outbrain/Taboola are still a thing).

I had first-hand evidence of this when my friend fell for some weight loss scam ad of Facebook. We ended up charging it back, and despite all that she’s still not convinced and will happily participate in loyalty schemes, give out personal information to anyone that asks (she literally gets one spam email every few minutes in her Yahoo mailbox) and prefers buying from unknown/shady/scammy sites like Groupon rather than more reputable outlets.

Re: Instagram Is Estimated to Be Worth More Than $100B

#68

I wonder about Instagram's success if they had decided to reject the Facebook acquisition. While there's no way to know who got the better end of the deal, it would be better for the tech ecosystem to have more large players and their success feels inevitable in hindsight.

Facebook probably would have copied them somehow, though I don't know if it would have been successful. FB's duplicate of Snapchat has been a huge success and is a major part of IG today. I don't know if FB would have been able to successfully replace Snapchat without using the Instagram app as a springboard.

Re: Instagram Is Estimated to Be Worth More Than $100B

#69
post #4

Hell of an acquisition by Zuckerberg

And shame on the government for not doing any due diligence in trying to prevent this acquisition/monopoly.

Monopoly? In 2012, Instagram had 40 million users and no revenue[1]. Hardly a monopoly.. Everybody mocked Facebook for buying up Instagram for the amount of money they were offering. Nobody (or, perhaps, very very few amount of people) at the time thought it would become a $100bn company. You really think the government should have had the foresight to block this? Wishful thinking on your part..

[1] https://techcrunch.com/2012/04/13/instagrams-user-count-now-...

Re: Instagram Is Estimated to Be Worth More Than $100B

#70
post #28
post #9

Earlier quoted context omitted.

I can remember how everybody was laughing about the acquisition: "Waaat? Billions for a chat app? hahaha" It's amazing how things are turning out.

That was WhatsApp. Instagram has always been photos.

WhatsApp is also turning out to be a great acquisition too
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