New round of financing for Instagram values company at cool half a billion dollars
0. phoneArena 09 Mar 2012, 00:31 posted on
While Android users are waiting to hear the news of Instagram's launch in the Android Market, the company is raising another round of financing which will value it at a cool half a billion dollars, twenty times the value of Instagram last year...
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1. Lucas777 (Posts: 2115; Member since: 06 Jan 2011)
seems a bit overinflated to me… i mean its a fleeting investment.. but who knows
2. cepcamba (Posts: 717; Member since: 27 Feb 2012)
Yeah. The company is valued at $500M, but it's actual worth is just a fraction of that.