What Happened to Instagram?
In 2012, Facebook acquired Instagram for approximately $1 billion. At the time, Instagram had around 30 million users and was a popular photo-sharing app.
- In 2012, Facebook acquired Instagram for $1 billion
- Instagram had around 30 million users at the time
- The acquisition helped Instagram expand its user base and features
Current Ownership and Impact
Today, Instagram remains a subsidiary of Meta Platforms, Inc., formerly known as Facebook, Inc. The acquisition has had a significant impact on Instagram's growth and development.