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Citigroup raises Instagram valuation from $16 billion to $35 billion

You may not think Instagram is the best use of your time, but that doesn’t mean it doesn’t have an extremely strong market value. Per TechCrunch, Citigroup raised the valuation of Instagram this morning from US$19 billion to US$35 billion. The photo-sharing network recently announced it had surpassed 300 million active users, and has taken […]