What a time to be alive. Many tech companies now that don't offer any actual product or service and don't even make money are valued multiple times more than the biggest car manufacturers.
Instagram makes money. Companies pay them to purchase ads. Isn’t that obvious ?
“In 2018, [Instagram]'s estimated net mobile advertising revenues are projected to reach 6.84 billion U.S. dollars, up from 1.86 billion U.S. dollars in 2016.“
