Many investors look for opportunities to pump money in Instagram. And that’s not at all surprising. Instagram monthly users’ count has recently approached 2.7 billion, and the number of advertisers is now about 2 million.
So, together with the Combin team, let’s try to figure out the price of the Instagram stock and whether you can buy it.
How to buy Instagram stock?
Since Facebook owns Instagram since 2012, you can’t buy Instagram stock directly. Facebook purchased Instagram six years ago for $1 billion.
A month after Facebook purchased Instagram, it opened IPO — initial public offering. Facebook offered more than 400 million shares at a price of $38 per share. So if you want to invest in Instagram, you need to invest in Facebook.
How to invest in Facebook?
Facebook has recently hit 2.2 billion active users, so the social network has not stopped growing drastically. Brands and advertisers still choose Facebook as one of the best options to sell their goods and services; thus, the platform is still worth investors’ attention.
Facebook sales grew by about half throughout a year — from 2016 to 2017. So did net income in the same period — from $10.2 billion to $15.9 billion.
Extensive social networking is another pro of buying Facebook stock. Facebook.com, Facebook Messenger, Instagram and WhatsApp influenced the company financial success, along with acquired Oculus VR — a virtual reality company.
So, how to invest in Facebook, exactly?
- You need to decide how much you want to invest and how many shares you want to buy. You can do this with this simple formula:
Total Amount Desired to Invest / Price per Share = Number of Shares to Purchase
You can learn the current and updated stock price at NASDAQ website.
2. Choose a broker.
There are multiple brokers you can find on the internet, but let us name a few: Webull, Charles Schwab, eToro, Markets.com, AllyInvest, Skilling, and others.
To pick the one you want to work with, do some research and find out all about the conditions, rates, fees, spreads, order types, and deposit options.
3. Place an order.
After you found a broker that matches all your criteria and goals, you can place an order right on the online platform of your broker. Simply put, all you need to do is to open an account, verify it, fund it, and then buy Facebook stocks.
Instagram stock price
Since Instagram is not an independent company and is not listed separately with its own shares, it’s impossible to estimate its stock price. Though the Facebook stock price is 196 USD at the moment of writing. Though it constantly changes, so you need to keep an eye on these price alternation.
Instagram stock symbol
Instagram is currently listed on NASDAQ — American stock exchange — and has a ticker symbol “FB”.
Facebook stock is highly likely to hit half a billion soon. The ability to share content, likes and shopping deals in Facebook’s newly secure and private network is perhaps the best reason to buy FB shares.
Hopefully, with the help of the Combin team, you have an idea of how to buy Instagram (Facebook) stock.