In 2015, Instagram earned an estimated $630 million in revenue. In 2016, it’s on track to earn $1.5 billion. In this week’s episode of The Premise, FORBES Tech podcast, we examine how Instagram made itself a prestige brand for advertisers and why its acquisition by Facebook FB +0.20% is a model that othertech companies should pay attention to.
Check out the episode below and don’t forget to rate and review us on your favorite podcast app!
Here’s a roundup of interesting tech news for the past few days;
- Over the last year, several of the engineers on Google GOOGL -0.63% self-driving car program have left. But turnover in the engineering team may actually be a good sign for the program, as the departures are typical when a project moves from research to commercialization.
- Lyft may be growing across the U.S., but it remains a distant second to Uber. How can Lyft gain ground? It appears to have a new strategy: chip away a few percentage points at a time.
- The smart home world is pretty fragmented. But IFTTT may be the glue that can pull it all together. Last week, the San Francisco-based startup announced that developers will now be able to integrate these IFTTT recipes directly into their apps.
- The European Commission is preparing to announce a review of the EU’s ePrivacy law later this year, which will include new measures which could have a huge impacton services like Skype, Facebook and WhatsApp.
- Earlier this week, a hacker group claimed that they had hacked the NSA. In a series of tweets, Edward Snowden laid down a theory if the hack is real, Russia is likely responsible.
Quicker reads: Check out this year’s list of the world’s highest-paid DJs…. theselaser scarecrows are being used to fight geese… Audis may soon tell their drives how soon the light will change to green…. the software behind 3D printing in space…. and Apple AAPL -0.71% just patented a tank?
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