Instagram will become a $14 billion business for Facebook this year, analyst says (FB)

Instagram will be a major driver of Facebook's growth, as revenue from Facebook's core business is expected to slow in the coming years, according to Jefferies.
Facebook is due to report quarterly earnings next Wednesday.Shares were up 13% this year but are still down 20% over the past 12 months.
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Instagram will most likely generate $14 billion in revenue this year and become an increasingly important driver for Facebook's growth, as the platform's core business is