What year did Facebook acquire Instagram?

Started by Jane, May 07, 2024, 04:46 AM

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Jane

What year did Facebook acquire Instagram?

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Facebook acquired Instagram in 2012. The acquisition was announced in April 2012, and it was finalized later that year, with Facebook purchasing Instagram for approximately $1 billion in cash and stock. At the time of the acquisition, Instagram was a fast-growing photo-sharing app with millions of users, and Facebook saw it as a strategic move to expand its reach in the social media space and enhance its portfolio of products and services. Since the acquisition, Instagram has continued to operate as a separate entity under the Facebook umbrella, while also integrating some features and functionalities with the Facebook platform.

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