Facebook (FB) may be having trouble monetizing its one billion members, however its recent acquisition of Instagram is seen as a huge win for the company. The social networking giant purchased the popular photo-sharing app in April for about $1 billion and since then it has grown more than 1,100%, Business Insider reported. Instagram was a small company with no revenue and only 860,000 daily active users, but since the acquisition the company’s traffic has increased to nearly 11 million users per day. Facebook has roughly 543 million monthly active users on mobile devices and it recently began selling “Sponsored Stories” that are embedded into its mobile News Feed. The company could use a similar approach to monetize Instagram’s large user base. A chart showing Instagram’s growth follows below.
Instagram has grown more than 1,100% in six months
Updated Dec 19th, 2018 8:35PM EST
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Dan joins the BGR team as the Android Editor, covering all things relating to Google’s premiere operating system. His work has appeared on Fox News, Fox Business and Yahoo News, among other publications. When he isn’t testing the latest devices or apps, he can be found enjoying the sights and sounds of New York City.
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