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Instagram Is Estimated to Be Worth More Than $100B

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

#71
I enjoy IG because I have narrower friends and family there. ...and Orvis. Love flyfishing and honestly I couldn't consume the content there or see amazing fishing or be "up" on their stuff by watching tv or browsing. It's condensed. I tried following some skiing stuff but just get spammed by people trying to hawk stupid ski sayings on tshirts. Mostly recycled junk. I now almost have more followers by people hawking ski t-shirts than friends. It's just stupid.

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

#72
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…

http://charlescosta.net/2014/04/how-the-seven-deadly-sins-dr...

tl;dr — Every successful social startup should bend, but not completely violate, one or more social taboos, e.g. one of the 7 deadly sins.

Edit: When designing www.fwdeveryone.com, we purposely incorporated Pav's theory by building the platform around the taboo of getting involved in other people's relationships, in this case by letting people read (and reply to) other people's email conversations.

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

#73
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.

...for me...comments are rare. It is a welcome thing.

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

#74
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.

Yeah, which is another reason they got rid of the chronological timeline. People were opening the app so often and frequently, they had to ensure fresh content. This way they can track which photos you've seen, and make sure to float to the top ones you missed.

Edit: All the points below are true too, of course. I do find myself subconsciously opening instagram a scary amount, so seems one reason to switch it up would be to always have fresh content. I do agree that once you get to where you last left off, you're likely to exit the app.

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

#75
post #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.

Advertising is a very legitimate way of making money, lots of it. Now tracking people all over the web and other shady things, are a different story.

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

#76

Too bad that "worth" doesn't come from anything. Oh no wait. User data. I can't wait for that to become an illegal trade.

Instagram is the only effective choice for social networking and business promotion in a large social group I'm aware of - American alternative culture, both sexes, from 16 to 45. IG has also been adding features like stores.

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

#77
post #9
post #4

Hell of an acquisition by Zuckerberg

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.

I laughed too, I was thinking "Wow, $1B for a photo app that has some lame filters, take a semester of digital image processing and you could do that".

To their credit, the app was extremely simple back then, today it has managed to add complexity without being so overwhelming(although Instagram TV adds more eyesore to the screen), slowly they copied good, proven features and blended well into the Facebook ecosystem.

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

#78
post #20

Earlier quoted context omitted.

I wouldn't make the assumption that millenials spend significantly more than that on the app. It's certainly possible, I guess. But as I commute to work and back (hour by bus or train) - it's often 35+ aged people who have their eyes glued to instagram/facebook the entire length of the trip. EDIT: Data shows that you're probably right, and millenials spend more [time]( https://www.statista.com/statistics/267138/socia…

The other day in a plane, all the people next to me and in front of me were on FB/Insta before the flight. After landing, everybody turned off the flight mode and got back on FB/Insta!? The flight was 1-hour long.

I would criticise.. but i probably spend as much time arguing on twitter with complete strangers.

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

#79

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 guess you could look at Snap. Independent of the other big players who ejected being acquired.

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

#80
post #26

Earlier quoted context omitted.

You do realize that Instagram has ads that companies pay money for right? That's where they make their money, when companies purchase ads on Instagram.

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.

Some of the ads I get on Instagram are completely ridiculous. I've been taking screenshots of them because they are so likely ineffective for the people who place them that it's almost humorous. For instance, an advertisement for a Chinese restaurant. I can't click on their name to go to their profile (that seems to be optional). Clicking on the action button asks if you want to dial their number immediately - remember at this point you don't even know what city they are in, haven't seen a menu. When I have checked out some of these restaurants they are often in other states.
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