Since its creation, Instagram has been breaking records and growing to become one of the largest, most popular social media sites ever. Even on the first day of its launch, the platform saw 25,000 registered users, and 100,000 users within a week.
This makes it an attractive platform financially speaking. So many of its competitors have changed hands from one owner to the next as they grew, so it’s only natural to ask: Who is the owner of Instagram?
Let’s explore who has owned, overseen, or sold Instagram throughout its lifetime.
Who Is The Owner Of Instagram?
In 2010, Instagram was founded by Mike Krieger and Kevin Systrom. It was an immediate hit and in just two years, in 2012, Instagram would be sold to Facebook for $1 billion.
Who owns Instagram now? Instagram is currently owned by Meta Platforms, Inc., formerly known as Facebook Inc.
In terms of shares, Instagram is owned by Mark Zuckerberg, the company’s chairman, co-founder, and chief executive officer. According to Meta’s annual filing with the SEC (Securities and Exchange Commission) Mark Zuckerberg owns 13.6% of the company as of December 2021.
To date, Zuckerberg owns the majority of the company’s shares and votes.
What Company Owns Instagram?
You might think that Facebook currently owns Instagram, but that’s only partly true. Instagram is owned by Meta Platform, which changed its name from Facebook Inc. back in 2020 during a rebrand and expansion. As a multinational conglomerate, Meta also owns other apps, including Threads and WhatsApp.
Who Owns Facebook And Instagram?
Facebook and Instagram are currently owned by the same company, Meta Platforms Inc.
Who Runs Instagram?
Instagram is run by Adam Mosseri, the current head of Instagram. He was formerly an executive at Facebook.
If you’ve been abreast with Instagram’s updates, you might have heard of news coming directly from him through his interviews and social media posts.
Who was the owner of Instagram before Facebook?
Instagram was originally founded and owned by Kevin Systrom and Mike Krieger, prior to being sold at a record-breaking price in 2012.
How much did Instagram sell for?
Instagram was sold to Facebook Inc. (currently known as Meta Platforms Inc.) for $1 billion in cash and stock. While no small sum now, it broke records as the largest acquisition of its kind at the time.
Does Meta own Snapchat?
While Meta’s assets are far-reaching, Snapchat isn’t owned by the tech conglomerate. Instead, it is owned by Snap Inc., formerly known as Snapchat Inc.
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