Zuckerberg’s Big Instagram Win
Instagram’s latest milestone can be considered a big win for the embattled Mark Zuckerberg. The rollout of IGTV had Facebook’s stock rising by 2.3%, making Zuckerberg richer by $1.7 billion. The boost could be due to the fact that the new feature can provide Facebook with a new avenue to run advertisements. Even though Instagram isn’t selling ads on IGTV yet, there’s a big possibility it will in the near future.
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Mark Zuckerberg Gains $1.7 Billion After Instagram Announces New ‘TV’ App, 1 Billion Usershttp://on.forbes.com/6019DlWaF
Mark Zuckerberg Gains $1.7 Billion After Instagram Announces New ‘TV’ App, 1 Billion Users
Mark Zuckerberg became $1.7 billion richer on Wednesday after Facebook stock rose 2.3% in regular trading on the news that Instagram is rolling out a new feature: Instagram television. The bump makes…
forbes.com
Facebook has faced its fair share of controversies recently, with the latest one being the Cambridge Analytica scandal. Despite that, the company still enjoys robust ad sales and continues to grow its user base.
Article Appeared @https://www.webpronews.com/instagram-now-has-1-billion-monthly-users-launches-igtv-for-content-creators/