Instagram is now valued at $35 billion

The Verge
By Jacob KastrenakesDec 19, 2014, 9:40 am401 pts
For Facebook, buying Instagram was a steal. In a note this morning, Citigroup says that it has reexamined its valuation of Instagram and now believes that it is worth $35 billion. Citi had previously valued Instagram at $19 billion, that itself being far above the $1 billion that Facebook purchased Instagram…

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