Social News: Out-Earning YouTube, Instagram Brings In More Than a Quarter of Facebook Sales
Instagram, which Facebook acquired for $715 million in 2012, generated more than a quarter of the social-media company’s revenue last year, notes Bloomberg. Instagram brought in about $20 billion in advertising revenue in 2019, beating Google-owned YouTube, which recorded $15.1 billion in ad sales. Instagram had no model for bringing …
Read the whole story at Bloomberg.