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Instagram Is Worth So Much Money Right Now

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Instagram is now worth $35 billion, according to TechCrunch. Citigroup just raised the photo-sharing app's valuation from $19 billion to $35 billion. This news follows Instagram's recent release of five new filters and the app's purge of spam accounts. Instagram currently has more than 300 million active users. That's more active users than Twitter.
· Instagram Is Now Worth $35 Billion [TechCrunch]
· Damning: Style Blog Instagram Numbers Plummet Following Purge [Racked]
· Instagram Says Its Five New Filters Are the 'Best Yet' [Racked]