Instagram allegedly raked in $20 billion in ad revenue last year

YouTube, the most popular video platform on the Internet, didn't manage to make as much revenue in 2019 as image-based social network Instagram, according to a new report from Bloomberg. Sources claim that Instagram made $20 billion in ad revenue last year compared to YouTube's $15.1 billion in ad revenue during the same time period. The $20 billion figure, assuming it is accurate, is almost unfathomable compared to the $715 million Facebook paid for Instagram when it acquired it in 2012. Facebo...