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Instagram Is Estimated to Be Worth More Than $100B

bloomberg.com

131–140 of 394 posts

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

#131
post #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, a…

> instagram is just how you write messages these days, as if this was totally obvious and not a side feature of instagram.

At times, I just give up on my ability to participate in society because of shit like this.

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

#132
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.

> I envy those who never created a Facebook.

what? is it some virus you can't cure from your mind now? just stop using it. I stopped about 6 years ago and have never missed it.

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

#133
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…

Instagram is basically Twitter where you have to post a photo. I agree that Instagram could not have grown to this size without being part of Facebook.

except twitter is so far left there back on the right lmao

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

#134
I am quite privacy conscious. I have deleted my FB account. On principle, I dislike targeted ads, user tracking, etc.

BUT, I hate to admit this, the ads I get in Instagram are the most relevant I have ever gotten. I actually look forward to them, to discover new products. They are perfectly tailored to me.

Dammit.

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

#135
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.

Well it might have played differently. If Facebook hadn't bought it then Facebook would have competed against it and that's not an easy fight. Look at Snapchat.

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

#136
post #125
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.

What makes you attribute this to Zuckerberg instead of Facebook?

He did not consult the board (nor did he need to as he controls a majority of stock, but its customary), it was clearly a personal choice by him.

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

#137
I've regained a lot of mental peace once I quit Instagram. When you have hundreds of friends and follow other random people on the platform, you get the impression that every single person is always on a beach in Bali, eating at Michelin star restaurants, riding lambos and partying with attractive successful people in the most exclusive venues out there. All the while you're a corporate drone sitting in a cubicle all day, or you're stuck in traffic, or are dealing with a shitty boss, or you're trying to figure out how to pay rent.

In reality, those people don't have that lifestyle. They're simply marketers and FOMO generators, but our brains aren't super good at seeing past that.

It's analogous to how regular people don't realize just how much Photoshop and photographic skill goes into making someone look as good as they do in magazines and on their IG feed. We look at them and immediately conclude that we're some kind of a sub-human degenerate species compared to them, whereas in reality it's all bullshit.

It feels SO much better to swim in one's lane, not looking around to see how everybody else is doing, especially when it's not real.

I'm not a religious person, but there's something really powerful in the admonition not to not covet your neighbor's spouse, house, animals (car?) etc. Except it's much worse with IG, where you're exposed daily to hundreds if not thousands of "neighbors" who are all showing off their pretend-success.

The genius of IG is that it makes people willingly subscribe to hours of marketing every day.

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

#138
post #58

Fun to review how many HN commenters pooh-poohed the acquisition and price back in 2012: https://news.ycombinator.com/item?id=3817840

I don't really care for hilighting peoples past skepticism but this guy literally asked for it:

---

[...]

This is not going to be one of the best tech acquisitions of the next decade. YouTube helped to propel Google into content. It also helped to commoditise web video in a massive way: reminiscent of the way which Google commoditised search (YouTube is probably just short of being a byword for online video at this point).

Instagram is a photo service in a sea of other photo services. Photography has been around on the web in meaningful ways for a long time. Flickr lost out to Facebook in the community stakes, and Instagram is doing great in whatever-the-fuck market it's in (the share-to-my-twitter-followers market?), but this is not Google acquiring YouTube.

Bookmark this comment. See you in 2022.

---

https://news.ycombinator.com/item?id=3818055

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

#139

I am quite privacy conscious. I have deleted my FB account. On principle, I dislike targeted ads, user tracking, etc. BUT, I hate to admit this, the ads I get in Instagram are the most relevant I have ever gotten. I actually look forward to them, to discover new products. They are perfectly tailored to me. Dammit.

You are now a consumer.

Welcome to the machine.

Your primary function to society is to consume.

Congratulations.

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

#140
$100BB strikes me as true on the face of it, but there's something in my gut that tells me that is much too large a valuation.

Is a television network worth $100BB? That's what Instagram/Youtube/Netflix etc. are becoming a network of original shows. Of course, Instagram/Facebook are still early so they still look like Youtube in their early days, but they'll all converge to the same point of just outright creating their own original content.

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