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December 19, 2014 1:58 PM EST
Facebook (NASDAQ: FB) bought Instagram in 2012 for $1 billion.. now the popular photo-friendly social network may be worth $35 billion, according to analysts at Citi. In addition to being many fold above the original purchase price, the $35 billion figure is up 84% from Citi's prior estimate.
The call from Cit analyst Mark May come after the announcement last week that Instagram had reached more than 300 million users.... More
December 19, 2014 6:48 AM EST
In an effort to garner more revenue outside the U.S., Twitter (NYSE: TWTR) has begun to sell advertising in Russia via reseller Httpool.
Httpool is Twitter's ad partner in Eastern Europe.
Twitter's first clients are said to include VimpelCom (NYSE:... More
December 19, 2014 6:33 AM EST
Facebook (Nasdaq: FB) popularity amongst teens is slipping once again.
Bloomberg, citing a report from Frank N. Magid Associates, said the 13- to 17-year-old age demographic that uses Facebook fell from 94 percent in 2013 down to 88 percent this year. The... More
