Instagram is Now Worth More Than Twitter
Instagram now has a higher valuation than Twitter.
On paper, at least.
On Friday, Citigroup upgraded Instagram from $19 billion to a new valuation of $35 billion.
That makes Instagram “worth” more than Twitter, which has a market capitalisation of $23 billion.
Of course, Twitter is an actual, public company, and that value is genuine. Instagram’s is theoretical.
Still, Twitter was worth almost $40 billion this time last year, before dropping below $18 billion market cap in May.
Instagram’s pricing is based on its rapid
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