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How do owners of Instagram make money 2024?

Ryan Gonzalez | 2023-06-06 11:43:29 | page views：1732
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Amelia Davis

Studied at the University of Tokyo, Lives in Tokyo, Japan.
Instagram makes its money from advertising, just like Facebook. Facebook doesn't break out Instagram's financials, but Facebook overall derived about 93% of its fourth-quarter revenue from ads. Ad revenue for the quarter was $3.59 billion, a 53% increase from the same quarter the year before.
2023-06-15 11:43:29
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Benjamin Murphy

QuesHub.com delivers expert answers and knowledge to you.
Instagram makes its money from advertising, just like Facebook. Facebook doesn't break out Instagram's financials, but Facebook overall derived about 93% of its fourth-quarter revenue from ads. Ad revenue for the quarter was $3.59 billion, a 53% increase from the same quarter the year before.
How does Instagram make money? - Quora
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