Home » General World News » A third of Facebook’s ad revenue growth now comes from Instagram — and it couldn’t come at a better time (FB)

A third of Facebook’s ad revenue growth now comes from Instagram — and it couldn’t come at a better time (FB)





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  • Morgan Stanley analysts think Wall Street is still underestimating how much Facebook can grow.
  • In a research note, analysts at the investment bank set the stock a new price target of $215.
  • It’s an abrupt turnaround from just a few months ago, when Facebook’s share price was getting pummeled in the aftermath of the Cambridge Analytica scandal. And it may be largely due to Instagram.

Facebook’s reputation has been battered by the Cambridge Analytica scandal, but Facebook’s business is humming. One big reason: Instagram.

The photo-sharing app is turning into an increasingly important money-maker for Facebook.

According to the estimates of read more >>>

Source:: BusinessInsider.Com

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