Instagram

Instagram is a popular social media platform that was founded in 2010 by Kevin Systrom and Mike Krieger. The app was initially launched for iOS and later extended to Android. Instagram allows users to upload, edit, and share photos and videos with their followers or with a select group of friends. It also offers features like stories, IGTV for longer videos, and shopping. In 2012, Facebook acquired Instagram for approximately $1 billion in cash and stock.

Industry

Internet

Company Size

With a workforce exceeding 19,288 employees, the company boasts a vast talent pool.

Product, Services and Operations

Instagram provides a platform for users to share photos and videos, use various filters, and interact with other users. It also offers features like Instagram Stories, IGTV for longer videos, and shopping. Instagram has also become a platform for digital marketing and businesses.

Funding Details

Instagram was acquired by Facebook in 2012 for approximately $1 billion in cash and stock.

Acquisitions

Instagram itself has not made any acquisitions as it is a subsidiary of Facebook. However, it has been integrated with various features of Facebook over the years.

Awards and Achievements

Instagram has become one of the most popular social media platforms with over 1 billion active users. It has significantly influenced social media and digital marketing trends.