Instagram owned by Facebook on Thursday said, in the past 6 months, the company doubled the number of advertisers, more than 500,000 homes. Instagram is using Facebook's advertising technology to enhance ad targeting capabilities.
More and more advertising agencies is using Instagram platform to social media marketing activities. Instagram has more than 500 million users.
The company also said that earlier this year launched the "business tools" project, in two months time, there are more than 1.5 million companies turned to the project. This project on Instagram platforms help businesses publish promotional content, and create a custom page.
Potential users can contact us by phone, e-mail and text messages to the user. Facebook acquired Instagram in 2012 with a $1 billion price.
Market research firm eMarketer expects Instagram ad revenues to reach $1.5 billion this year. Instagram said in February this year, advertisers more than 200,000.
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