Fun Fact Friday: Social media, still a thing making tons of money
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Catherine Rampell from The Washington Post and Sudeep Reddy of the Wall Street Journal wrap up the week in news. But, what else did we learn this week?
Fun fact: Instagram now has more than 300 million users worldwide.
Photo sharing, however, was not the initial intention for the app. Discover more fun facts about Instagram and its co-founder, Kevin Systrom here:
Fun fact: An acre-foot of farmland uses the equivalent to 326,000 gallons of water.
Since farming requires a lot of water, Farmers are adapting to the current drought conditions in California by switching to drip-irrrigating methods as opposed to flooding, and choosing to produce lucrative crops over low-value crops.
Fun fact: Snapchat is reportedly worth as much as $19 billion now.
With Snapchat’s ads running for a rumored minimum price of $750,000 a day and its recent collaboration with news and entertainment channels, investors appear more than eager to raise the social media company’s valuation.
Fun fact: Chinese companies invested more than $12 billion in projects in 2014.
Where the U.S. was once outsourcing, it now seems China is venturing into the U.S. A change in growth model has left Chinese companies seeking the kinds of skilled labor available in the United States, which is why many have began opening up shops from Texas to Indiana.
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