Credit Suisse Says Instagram Is Going to Have a Huge Year
Analysts at Credit Suisse expect Facebook will get more than triple what it paid in revenue from the photo sharing app this year alone.
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Facebook Inc.'s purchase of Instagram Inc. continues to look smarter and smarter.
After buying Instagram for $1 billion in 2012, analysts at Credit Suisse Group AG now expect Facebook will get more than triple that price tag in revenue from the photo sharing app this year alone.