Instagram Lands $100 Million Deal

Sounds like Mr. Zuckerberg's move to purchase Instagram is finally going to turn the app into a money maker. Adage.com is reporting that the photo-sharing application has landed an estimated $40 million advertising deal with Ominicom. In 2012, Facebook bought out the popular app for $717 Million. Many insiders questioned this move, wondering if it would turn into a profitable venture for the social media giant. Instagram has become a top social networking app with a said amount of 150 Million users. Facebooks IPO debuted in May of 2012 with disappointing numbers and many considered it a total flop. But those that who have held on to the stock for the long term, have reaped the benefits as it has more than doubled in the past year. This new partnership could drive shares of the company even higher.

Zuckerberg may have made a good move in buying Instagram

Instagram has become popular with teens and celebrities