Cookie banner

This site uses cookies. Select "Block all non-essential cookies" to only allow cookies necessary to display content and enable core site features. Select "Accept all cookies" to also personalize your experience on the site with ads and partner content tailored to your interests, and to allow us to measure the effectiveness of our service.

To learn more, review our Cookie Policy, Privacy Notice and Terms of Use.

or
clock menu more-arrow no yes mobile

Filed under:

Instagram Is Worth So Much Money Right Now

By Adele Chapin

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

A photo posted by Instagram (@instagram) on


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]

More From Racked