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.
Instagram Is Estimated to Be Worth More Than $100B
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Re: Instagram Is Estimated to Be Worth More Than $100B
#62No 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)
Re: Instagram Is Estimated to Be Worth More Than $100B
#63I 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.
Re: Instagram Is Estimated to Be Worth More Than $100B
#64I'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…
Re: Instagram Is Estimated to Be Worth More Than $100B
#65I 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 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
#66Re: Instagram Is Estimated to Be Worth More Than $100B
#67Earlier 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.
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
#68I 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.
Re: Instagram Is Estimated to Be Worth More Than $100B
#69Hell of an acquisition by Zuckerberg
And shame on the government for not doing any due diligence in trying to prevent this acquisition/monopoly.
[1] https://techcrunch.com/2012/04/13/instagrams-user-count-now-...
Re: Instagram Is Estimated to Be Worth More Than $100B
#70Earlier 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.