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If seen carefully, there are more ads running on fb than the number of active users on FB who can be converted to customers. FB has lost its glory to a large extent. It's the age of Instagram and other apps like Medial (certainly)

Will there be a time when Instagram is old?

I don't feel so. As Instagram is readily being used by people of all age groups as it has much more to offer in the form of pictures and short form content (reels). They are quick to entertain or get updated about the world. Let's say after 50 year