What Happened?
In 2012, Facebook acquired Instagram for approximately $1 billion. Since then, the platform has continued to grow and evolve.
- Facebook's acquisition of Instagram was a strategic move to expand its presence in the social media landscape.
- The deal was finalized in 2012, and Instagram has remained a subsidiary of Facebook (now Meta) ever since.
Is Instagram Still Owned by Facebook?
Instagram is currently owned by Meta, a multinational technology company that operates several well-known platforms, including Facebook, Instagram, and WhatsApp.
Meta's ownership of Instagram has not changed since the acquisition in 2012.