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Instagram Made $20 Billion in 2019

By Alex Heath
· · Source: Bloomberg

Instagram brought in about $20 billion in ad revenue for 2019, or nearly 30% of Facebook’s total revenue for the year, according to Bloomberg . Since Facebook doesn’t disclose the money it makes from Instagram, the number gives the fullest picture yet of how important Instagram has become to the future of its parent company. I reported in August of last year that Instagram revenue was...

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TikTok Valued at Around $60 Billion, As Deal Structure Emerges
By Kate Clark, Kevin McLaughlin and Jessica E. Lessin · Sept. 20, 2020 2:39 PM PDT

Walmart and Oracle are valuing the soon-to-be formed TikTok Global at between $50 billion and $60 billion, according to two people familiar with the deal, as key aspects of one of the most convoluted global tech deals in history take shape. 

Another key point: Zhang Yiming, the CEO of ByteDance, parent company of the China-based viral video app TikTok, could become the new entity's ...

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