Early Prime Day Deals Laptop Recommendations AT&T vs. Xfinity Prime Day Deals on TVs 4th of July Sales Best iPhone VPN 2023 Acura Integra Review Best Fitbits

Instagram estimated to be worth more than $100 billion

Facebook bought the photo app for $1 billion in 2012.

instagram-logo-promo-2969
Instagram would reportedly be worth more than $1 billion as a standalone company.
James Martin/CNET

Instagram has been estimated to be worth more than $100 billion if it was a standalone company, according to Bloomberg.

The photo app was purchased by Facebook for $1 billion in 2012 and recently reached a billion users a month.

Now playing: Watch this: Why Instagram's $100 billion valuation isn't so crazy
1:27

Instagram has been drawing in new users faster than Facebook's main site and is expected to exceed 2 billion monthly users in the next five years, Bloomberg's analyst said. Instagram is still growing in the US, unlike Facebook. 

It could account for 16 percent of Facebook's revenue over the next year, up from 10.6 percent in 2017.

The company announced a bigger push into video last week when it unveiled IGTV, a standalone mobile app focused on programming from creators on the platform.