Do you want to buy Instagram stock? Instagram is one of the most popular social networks in the world. It is a photo and video sharing social network owned by Facebook. Let’s look at how to invest in Instagram stock.
Instagram, the most popular photo and video-sharing app is a highly visual platform, and it allows users to upload images and videos. Celebrities, brands, and businesses use it to promote themselves and build relationships with their fans and customers.
It is available on several platforms, including iOS and Android. Using this app, users can browse other users’ content and like and follow others. It allows users to share posts or share posts with pre-approved followers publicly. More than 1 billion people use Instagram to share their lives with friends and family.
Instagram’s strength is its user engagement, which directly translates into revenue. Instagram influences the purchase decisions of 80% of its users and contributes over $20 billion to Facebook’s annual revenue.
Instagram users spend close to an hour on the app on average each day, and over 70% of the billion monthly active users are under 35. In order to invest in Instagram, you should invest in Instagram’s parent company, Facebook. Facebook is listed on the NASDAQ with the ticker FB.
The story of Instagram
Instagram was initially developed by Kevin Systrom and Mike Krieger and is entirely free to use. Systrom graduated from Stanford University and was working at Nextstop, a travel recommendations startup. He had worked in Google earlier as a corporate development associate.
Although Systrom had no formal training in coding, he learned to code on the weekends and built a web app called Burbn, which allowed users to share photos, post their plans and check in.
At a party, Systrom met two venture capitalists from Baseline Ventures and Andreessen Horowitz interested in his app. He raised $500,000 in seed funding from them and decided to quit his job and focus on Burbn.
This funding allowed him to build a team, and the first person to join was Mike Krieger, a Stanford graduate and had worked as an engineer at the social media platform Meebo.
After Krieger joined, they focused only on photographs taken on mobile devices and stripped Burbn down to the photo, commenting, and liking functions. They renamed the app Instagram, a combination of the words instant and telegram.
The idea was to have a minimalist app that would have just a few actions from the user. They launched the app for beta test after eight weeks of fine-tuning, and Instagram was launched after resolving the errors from the beta test.
On the day of the launch, Instagram quickly gained 25,000 users in one day. Within the first week, it had been downloaded 100,000 times, and within two months, the number of users reached one million.
The launch of Instagram was after the launch of the iPhone 4, which had an improved camera. This was great for Instagram.
Investor interest in the company grew after the rapid rise in the user base. In 2011, Instagram raised $7 million in Series A funding.
Benchmark Capital, one of its investors, valued the company at $25 million. Despite the funding, Instagram remained small, with just a dozen employees.
Twitter and Facebook, leading social media technology companies, were also interested in Instagram. Twitter was particularly interested and made an acquisition offer of $500 million in stock, but Systrom declined.
In 2012, Instagram was acquired by Facebook for 1 billion U.S. dollars. At the time of the acquisition, it was a shocking figure for a startup with just 13 employees.
Facebook, Inc. is an American social networking company located at Menlo Park, CA. It was founded by Mark Zuckerberg and fellow Harvard College students and roommates Eduardo Saverin, Dustin Moskovitz, Andrew McCollum, and Chris Hughes. It is a platform for people to connect with friends and family as well as an advertising medium.
Facebook provides several products and services, including Facebook, Facebook Messenger, WhatsApp, Oculus VR, and Instagram. Facebook’s products and services are designed to bring people closer together and help users share content, photos, and videos. The social network generates revenue primarily from advertising. Oculus VR is the company’s virtual reality technology.
Investing in Instagram stock
To invest in Instagram, you can buy stocks of Facebook. Since Instagram is a subsidiary of Facebook, all investments in the parent company are indirectly an investment in Instagram. Before investing, you need to determine the best time to buy.
The value of stocks will rise and fall, and you can check market trends by looking at where the stocks are currently trading. This is based on past stock performance. For example, it can be cheaper to invest in Instagram when Facebook’s shares drop a little, rather than investing when Facebook stock prices are high. Additionally, you should keep up with the news and understand the factors affecting Facebook’s revenue.
Instagram stock price
Instagram is part of Facebook and is not traded as a separate entity. Therefore, the Instagram stock price is not available. The only way to invest in Instagram is to invest in Facebook.
Instagram stock symbol
Instagram stock is not traded as a separate entity. Therefore, there is no Instagram stock symbol available.
Facebook’s recent stock performance
Facebook stock has done quite well recently, with the company’s share price more than doubling since the past five years. Facebook was trading at $132.07 in October 2016, and the current price of Facebook stock as of October 2021 is $324.76.
Investing in a company that provides a service you enjoy is an excellent way to invest. If you are interested in investing in Instagram, you can invest indirectly in the parent company, Facebook.