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Facebook's (FB) Instagram is Bigger and Better than Twitter (TWTR), Should Be Worth $35 Billion - Citi
December 19, 2014 1:58 PM ESTFacebook (NASDAQ: FB) bought Instagram in 2012 for $1 billion.. now the popular photo-friendly social network may be worth $35 billion, according to analysts at Citi. In addition to being many fold above the original purchase price, the $35 billion figure is up 84% from Citi's prior estimate.
The call from Cit analyst Mark May come after the announcement last week that Instagram had reached more than 300 million users.... More
Twitter (TWTR) Turns to Russia for Revenue Diversification
December 19, 2014 6:48 AM ESTIn an effort to garner more revenue outside the U.S., Twitter (NYSE: TWTR) has begun to sell advertising in Russia via reseller Httpool.
Httpool is Twitter's ad partner in Eastern Europe.
Twitter's first clients are said to include VimpelCom (NYSE:... More
Facebook's (FB) Popularity with Key Demographic Continues to Wane
December 19, 2014 6:33 AM ESTFacebook (Nasdaq: FB) popularity amongst teens is slipping once again.
Bloomberg, citing a report from Frank N. Magid Associates, said the 13- to 17-year-old age demographic that uses Facebook fell from 94 percent in 2013 down to 88 percent this year. The... More
