There's Still a Ton of Growth Potential Left for Instagram
The Meta Platforms (NASDAQ: FB) app Instagram recently surpassed 2 billion monthly active users, adding about 1 billion new ones around the world over the past three years. That's despite stiff competition from TikTok and Snap's (NYSE: SNAP) Snapchat, among others, during that period.
But Instagram has managed to remain a significant source of revenue growth for its parent company in that time, and it could still have a lot of room left to keep it up.
Image source: Instagram.
Source Fool.com
