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.
The Communication Services Select Sector SPDR Fund (XLC) is a new addition to State Street's popular legacy series of sector ETFs.
Companies that offer communication services, as defined by GICS, are held by VOX. Traditional telecommunications firms, as well as media and internet service providers, were originally categorized in the consumer discretionary and technology sectors under the old GICS classification.