Who owns Instagram – Instagram boasts more than 1.4 billion active users. It’s the place to find every kind of image from cute cat images as well as food photos to filters for selfies. If you’re an Instagram person, chances are you have a lot of time browsing through photos shared by family and friends.
If you’re like the majority of people are, then you likely watch lots of Instagram reels and even upload photos from time to time and every now and. Do you have any idea about Instagram and who is the owner of Instagram? It might surprise you by the information about who controls the photo-sharing application.
Who owns Instagram?
The first step is to take a look at the history of Instagram’s 12 years. The creators of Instagram are software engineer Kevin Systrom and software engineer Mike Krieger.
The year 2009 was when one of the Stanford University alumni by the name of Kevin Systrom, who was 27, at the time, got a job as a consultant for a travel company known as Nextstop.
Before that his time at Google, he was employed for Google as a corporate development associate. He had been a part-time intern at Odeo the company that later became known as Twitter.
Kevin Systrom, despite having an unofficial degree in computer science, was able to learn how to program during his spare period at Nextstop. The result was an concept for a Web application named Burbn and was motivated by his passion for the finest whiskeys and Bourbons.
Burbn let users check in, post their schedules and upload photos. While location-based check-in programs were popular at the period, the picture-sharing feature of Burbn was distinct.
In the month of March, 2012 Instagram was able to build a number of users that was around 27 million. In the following month, April, Instagram became available on Android devices. Within one day, it had been used by more than one million people. That following month Facebook (now Meta) made an offer to acquire Instagram in the amount of $1 billion in cash as well as stock.
One of the key aspects of the agreement was that the business was to continue operating in its own way. Then, Facebook proceeded to purchase Instagram in exactly the same price, $1 billion cash and shares, prior to the company’s first public sale (IPO).
The acquisition by Facebook of the biggest social network on earth, Instagram, has definitely been a huge success.
What’s Meta?
Since Facebook is now known as Meta Who owns Instagram? It’s true that Facebook does not anymore own Instagram technically.
In the month of October in 2021 Facebook President Mark Zuckerberg announced that the newly-created company “Meta” was to take over the management of Facebook Instagram, Facebook, and various other Facebook brands just as Google founded Alphabet.
The company that owns Meta is now the owner of Facebook and other apps, including Instagram as well as WhatsApp. In a press release, Meta aims to “bring the world of meta to life, and assist people to connect to communities, build networks and expand enterprises”.
Hope this helps answer the confusion surrounding Instagram ownership since emerging technology like the metaverse will most likely affect our lives for years that follow.
Additional Platforms Meta owns
Facebook was later able to create Meta Platforms, which is currently the parent company for every one of Zuckerberg’s mergers and acquisitions. Zuckerberg has more than 50 percent of the shares that are voted.
The company bought Instagram the year 2012 and also WhatsApp during 2014 as well as Oculus Virtual Reality in 2014. In the year 2019, Facebook also acquired Beat Games. Jia Platforms’ stocks were bought through Facebook in 2022. Consequently it acquired GIPHY at a cost of $400 million.
The company also tried to acquire Twitter However, Twitter is privately owned, and therefore Zuckerberg’s plan of attack with a variety of companies, both public and private, was a challenge.
In the earlier times, Meta attempted to incorporate TikTok which is that is owned by ByteDance however, the effort ended in failure and TikTok has emerged as Meta’s most formidable rival.
How Many Users Use Instagram?
When Facebook purchased Instagram at the end of 2012, the app’s growth in popularity and use soared. Following its relaunch under the name Meta Inc, the app’s elegant design attracted many more people around the world.
It has approximately 500 million active daily users by 2023. It has more than one billion active monthly users (mAU) in 2023, and around 1.20 billion global users.
Frequently Asked Questions
Is Instagram a permanent Social Media Application?
Since the day Instagram became available on Android the app was one of the most well-known social media applications. Facebook acquired Instagram in 2012, and was the new owner. In 2012, after Instagram showed its growth in the eyes of the entire world, Facebook became its new investor.
When Facebook bought Instagram, Instagram gained many users. Its download rate grew quickly, before it became an international phenomenon.
What kind of information does Facebook Utilize?
Photos, names and usernames are able to be utilized in Facebook applications, and so can publicly available information like gender, age, and. Facebook has been buying companies and collecting user data over the past decade. Below are some of the numerous organizations Mark Zuckerberg has acquired.
What was the price Facebook Spend To Get Instagram?
The privacy policies of Facebook’s application was revised about 4 months after the firm was acquired by its owner for $1 billion in cash and shares.
In accordance with Instagram’s privacy policies The app tracks accounts and any content posted on its platform, and this data is passed on to business partners as well as “people who aid us in providing Instagram for our users.”