Instagram Business Model : Working Revenue Analysis of Instagram
Posted by ALEX JOSEPH on September 11th, 2019
Facebook can be on a lot of mouths but still, it is only Instagram which quenches my all time photo sharing psyche. It is less likely that you are not aware of what it is all about. If it is so, then we would like to tell you Instagram is a photo and video sharing website/mobile application which can be used for free by anyone. It is a Facebook acquired model now. Let’s look at what it used to be before.
History of Instagram
You will be amazed with the fact that this big affair got ready to use in just 2 months. It all started with the efforts of a Stanford University graduate Kevin Systrom. He was working with Nextstop, previously worked with Google and Odeo, now known as Twitter.
On March 2010, Systrom went to a social meet up at Hunch which was a startup situated in Silicon Valley. He met two investors there who viewed his model presentation and afterwards decided to have further meetings regarding this. Meanwhile, Systrom decided to leave his workplace and in just a period of two weeks, he figured out how to bring 0,000 up from Baseline Ventures & Andreessen Horowitz. Instagram got launched on October 6, 2010 and went on a great velocity for becoming the best photo sharing app.
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About the AuthorALEX JOSEPH
Joined: September 11th, 2019
Articles Posted: 9
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