Instagram Expected to Get $500 Million Valuation After New Funding Round

Posted on March 16, 2012

Instagram logoInstagram, a popular free iPhone photo sharing app, is expected to be valued at $500 million after a new round of funding. That is a very lofty evaluation and a hugejump from the company's valuation a year ago, which was $25 million. The company only has about 13 employees. The Huffington Post says Instagram has 27 million registered users and is working on an Android app. The Wall Street Journal says some investors are steering clear because of the high evaluation. Instagram is working on building a large user base first before embarking on any monetizing strategies. Take a look:



More from The Write News


  • Kylie Jenner Crushes Snapchat Stock With Tweet


  • Economy Loses 33,000 Jobs in September. First Loss in Seven Years


  • WWE Video is Source of Donald Trump's Juvenile CNN Bodyslamming Video