3 Ways Investors Can Benefit From Instagram (Hint: Facebook Isn't One of Them) [The Motley Fool]
Meta Platforms, Inc. - Class A (FB)
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Source: The Motley Fool
3 Ways Investors Can Benefit From Instagram (Hint: Facebook Isn't One of Them) Though Facebook ( NASDAQ:FB Instagram passed billion Image source: Getty Images. . Cosmetics Investors often think of the beauty industry as a dull, defensive, slow-growth business -- it's a part of the household products sector that has seen little growth or innovation over the years. But Instagram is driving some change here. Millennials, the "selfie generation," have become avid consumers of makeup and beauty products, thanks in part to the broadcasting effects of Instagram. The perfectly-put-together portrait style popularized on the app has even been derisively dubbed "Instagram Face." Celebrities like Kylie Jenner and Rihanna have capitalized on the trend by launching their own beauty brands, but Instagram's influence is also propping up legacy cosmetics companies. The share price of Estee Lauder NYSE:EL another impressive Ulta Beauty NASDAQ:ULTA Coty (NYSE: COTY) According to Orbis Research, the g
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