Instagram Expected to Get $500 Million Valuation After New Funding Round
Posted on March 16, 2012
Instagram, a popular free iPhone photo sharing app, is expected to be valued at $500 million after a new round of funding. That is a very lofty evaluation and a hugejump from the company's valuation a year ago, which was $25 million. The company only has about 13 employees.
The Huffington Post says Instagram has 27 million registered users and is working on an Android app. The Wall Street Journal says some investors are steering clear because of the high evaluation. Instagram is working on building a large user base first before embarking on any monetizing strategies. Take a look: