SA Migration International

News Articles

Instagram estimated to be worth over $100bn

Source: Emily McCormick, Bloomberg, 01/01/1970

The photo-sharing platform, which reached 1 billion monthly active
users earlier this month, will likely help nudge Instagram revenue
past $10bn over the next 12 months, Bloomberg Intelligence analyst
Jitendra Waral wrote in a report Monday.

Instagram is attracting new users faster than Facebookâ€™s main site and
is on track to exceed 2 billion users within the next five years,
Waral said. While the social network already has surpassed that
milestone, Instagramâ€™s audience is younger than its parent, making it
more attractive to advertisers. And unlike Facebook, Instagram is
still growing in the US.

Instagram could account for about 16% of Facebookâ€™s revenue over the
next year, up from 10.6% last year, according to eMarketer data cited
by Bloomberg Intelligence. The unit announced the addition of
Instagram television, or IGTV, last week as an attempt to catalyse
future growth. Most of Instagramâ€™s 2018 revenue growth will still
likely come from its newsfeed ads, as the TV platform is still
developing, Waral said.

Facebook shares slipped 3.7% to $194.23 at 14:12 in New York, as the
broader market also declined. The stock has gained 10% so far this
year, compared with a 1.5% gain in the Standard & Poorâ€™s 500 Index.

Search

Latest News

... Read more...
... Read more...
... Read more...
... Read more...

If you are visiting SA or already here on a visa, take this as a public-interest warning. In 2025, a quiet, but sharp, shift has taken hold inside parts of home affairs adjudication ranks: applications are being refused almost mechanically if they were not submitted at least 60 days before visa expiry.A wave of refusals repeating near-identical wording:The applicant did not submit his/her application no less than 60 days prior to the expiry date of his/her.

The rigid application of this rule, devoid of consideration for mitigating circumstances, raises serious concerns about the fairness and legality of such administrative decisions.

... Read more...

... Read more...
... Read more...
... Read more...
... Read more...
... Read more...