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New round of financing for Instagram values company at cool half a billion dollars

0. phoneArena posted on 09 Mar 2012, 00:31

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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posted on 09 Mar 2012, 00:45

1. Lucas777 (Posts: 2137; Member since: 06 Jan 2011)

seems a bit overinflated to me… i mean its a fleeting investment.. but who knows

posted on 09 Mar 2012, 07:39 1

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.

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