Citigroup thinks Instagram photo sharing services is now valued at $35 billion, almost twice times the valuation before, Citigroup also said the estimate was "conservative".
Facebook 2012 with final price $715 million acquisition of Instagram, Citi is now valued at almost 49 times. Citigroup on Friday the Institute reported that overvalued because "user growth, boosted its profit potential, and social media properties.
Consider Instagram valuations rise, Citi will rise Facebook target price from $86 to $91
35 billion-dollar valuations, meaning that Instagram market value worth more than Twitter 50%, over social networks LinkedIn and Yelp. In February, Facebook announced the amazing price of $19 billion acquisition was founded five years ago, 50-person company WhatsApp.
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