Introduction
Instagram is one of the most popular social media platforms in existence today, with over 1 billion active users worldwide. But how did it get to where it is today? This article will explore the history of Instagram, its impressive growth, and its eventual sale to Facebook in 2012 – a move that would have a huge impact on its future success and popularity. We’ll also look at what the future holds for both companies and why you should consider investing in social media marketing services from Famouz.
Author
History of Instagram
Instagram was founded in October 2010 by Kevin Systrom and Mike Krieger as a mobile-only photo-sharing platform. It quickly gained traction due to its simple design and user-friendly interface, allowing users to easily upload photos and videos with captions, hashtags, and location tags all within seconds. By April 2012, just two years after launching, it had reached 30 million users – an impressive feat considering its humble beginnings as a small startup company with no funding or advertising budget whatsoever!
The platform was designed to be an easy way for people to share their experiences visually with others – whether it was through photos or videos. It allowed users to capture moments from their lives in real time and share them instantly, creating an engaging online community that quickly gained traction across different countries and cultures around the world. As more people began using Instagram, the platform continued to grow at an exponential rate as new features were added such as Stories (which allowed users to post short videos or images that disappeared after 24 hours) and IGTV (which enabled longer form video content).
Instagram’s Impressive Growth
By mid-2012, Instagram had grown exponentially with more than 80 million users worldwide – a number that would continue to increase rapidly over time thanks to its ease of use and ability to connect people across different cultures and countries through shared interests and experiences via images or videos posted on their profile pages or stories section.This impressive growth caught the attention of many big tech companies such as Google, Twitter, Yahoo!, Microsoft, Apple Inc., LinkedIn Corporation,etc., who were all interested in acquiring this fast-growing social network.However, none could match the offer made by Mark Zuckerberg’s company – Facebook – which eventually bought Instagram for $1 billion dollars in April 2012.
The Sale of Instagram to Facebook
Facebook’s acquisition of Instagram was seen as a strategic move by many industry experts because it allowed them access to millions more potential customers around the world who were already using this popular photo-sharing platform on their mobile devices every day.It also gave them access to valuable data such as user demographics which they could use for targeted advertising campaigns.Furthermore,it enabled them to easily integrate both platforms so that users could easily share content between them without any hassle or confusion.
Since being acquired by Facebook,Instagram has seen unprecedented growth in terms of user numbers,engagement,revenue,etc., making it one of the most successful acquisitions ever made by any company.In addition,this acquisition has allowed Facebook access to new markets such as China – where they are now able to tap into a potential customer base that was previously inaccessible due to government restrictions.Furthermore,it has enabled them to better compete against other popular social networks such as Snapchat which have been gaining ground amongst younger audiences recently.
Impact of the Acquisition on Instagram’s Growth
Since being acquired by Facebook,Instagram has seen unprecedented growth in terms of user numbers,engagement,revenue,etc., making it one of the most successful acquisitions ever made by any company.In addition,this acquisition has allowed Facebook access to new markets such as China – where they are now able to tap into a potential customer base that was previously inaccessible due
Who bought Instagram now?
Facebook acquired Instagram in 2012 for a billion dollars. Today, Instagram is integrated into the overall Facebook business strategy, and the founders, Kevin Systrom and Mike Krieger, left the company in 2018.
Why did Instagram sold to Facebook?
“Facebook admitted during a congressional hearing on Wednesday that they saw Instagram as a threat that could potentially take away business from Facebook. So, rather than compete with it, Facebook bought it.
Who owns Meta?
Meta is owned by its shareholders, which include Mark Zuckerberg, the founder and CEO of Facebook. He owns 13.4% of the company and is one of the largest investors. Other large shareholders include asset managers Vanguard with 6.9% share, BlackRock with 5.8% share, and Fidelity with 4.7% share. On March 1, 2023, Meta will be turned into a public company.
How much is Instagram worth now?
Instagram is expected to have a market value of 33.48 billion U.S. dollars by 2022. On January 6, 2023
Who owned Instagram before Meta?
Kevin Systrom is a computer programmer and entrepreneur who co-founded Instagram, the world’s largest photo sharing website. He is also known for his work on the grammar checker OkCupid and the dating app Tinder.
Why did Meta take over Instagram?
Instagram is a social media platform where users can upload, edit, and tag photos and videos. Instagram was independently owned until it was acquired by Meta for $1.0 billion in 2012. At the time of the acquisition, Instagram was attracting a lot of attention from investors due to its growing popularity among venture capitalists and other interested parties.