Instagram is a photo and video-sharing social networking service created by Kevin Systrom and Mike Krieger and was launched in October 2010 exclusively on iOS.
In this post, you will know who owns Instagram and what Instagram is really all about.
What is Instagram all about
Instagram for Android devices was released two in April 2012, followed by a feature-limited website interface in November 2012, and apps for Windows 10 Mobile and Windows 10 in April 2016 and October 2016 respectively.
The Instagram app allows users to upload photos and videos to the service, which can be edited with various filters, and organized with tags and location information.
Instagram allows account’s posts to be shared publicly or with pre-approved followers. Users can browse other users’ content by tags and locations, and view trending content. Users can also “like” photos, and follow other users to add their content to a feed.
Instagram also added messaging features, the ability to include multiple images or videos in a single post, as well as “Stories”—similar to its main competitor Snapchat—which allows users to post photos and videos to a sequential feed, with each post accessible by others for 24 hours each.
Who Acquired Instagram
After its launch in 2010, Instagram rapidly gained popularity, with one million registered users in two months, 10 million in a year, and ultimately 800 million as of September 2017.
In April 2012, Facebook acquired Instagram for approximately US$1 billion in cash and stock. As of October 2015, over 40 billion photos have been uploaded to the service.
Companies Owned By Facebook
Currently, Facebook now owns 5 other companies, including Instagram.
Below is the list of all the companies owned by Facebook.
Instagram is a photo and video-sharing social networking platform, launched in 2010.
Type of Business: Photo and video-sharing app
Acquisition Cost: $1.0 billion
Acquisition Date: April 9, 2012
WhatsApp is one of the most popular social media platforms available to all smartphone users worldwide.
Type of Business: Mobile messenger service
Acquisition Cost: $19.0 billion
Acquisition Date: February 19, 2014.
Type of Business: Mobile web analytics
Acquisition Cost: $100–200 million (estimated)
Acquisition Date: October 2013
4. Oculus VR
Oculus VR is a Virtual Reality software and hardware company.
Type of Business: Virtual reality technology company
Acquisition Cost: $2.0 billion
Acquisition Date: March 25, 2014
Type of Business: Messaging service
Acquisition Cost: Undisclosed
Acquisition Date: March 2, 2011