Instagram is a popular social network, according to the data. Facebook (NASDAQ: FB) shares can be purchased to invest in Instagram. Facebook purchased Instagram for $300 million in cash and 23 million shares. Facebook purchased Instagram soon before the company's IPO.
The Fidelity MSCI Communication Services Index ETF (FCOM) is an exchange-traded fund that follows an index of well-known businesses such as Facebook, Alphabet Inc., the parent company of Google, Netflix, and Twitter.