Facebook has confirmed that they are soon going to start monetizing their Instagram platform.

This could mean ads or the company could have a totally different plan for making money from this photo sharing service.

Instagram thus far has been totally free of any form of ads. Facebook paid big bucks for this company and things are expected to change in the near future.

A company representative said:

Well, Instagram continues to grow incredibly fast and we’re still a very small team when you think about the amount of people they are reaching. There are many brands that use Instagram right now to try to get a feel for how to engage with their followers. We will definitely be figuring out a monetization strategy. When that will happen, I can’t comment, but it’s going to happen.