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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Stripe’s Revenue Growth Slid Last Year as Firm Burned Through Cash

Stripe’s revenue growth fell sharply last year and the firm was unprofitable, factors the payments giant will need to navigate while planning to either go public or raise money privately in the next year. The company’s gross revenue—the amount of sales it pulls in before paying out a significant chunk to credit card companies—was $14.4 billion last year, a person...
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