Instagram Stock Symbol & Stock Price | How to Buy Instagram Stock
If you are curious about investing in Instagram stock, this article will cover everything you need to know about Instagram and its parent company Meta Platforms.
What is Instagram’s Stock Symbol?
In 2012, Facebook acquired Instagram stock for $1 billion in cash and stock. Therefore, the Instagram stock symbol is currently META.
The acquisition was completed in April 2012, and the co-founders of Instagram, Kevin Systrom and Mike Krieger joined the Facebook team.
The acquisition helped Facebook expand its reach and user base and allowed Instagram to benefit from Facebook's resources and expertise in areas such as advertising and product development.
Instagram Stock Price
The current Instagram stock price varies daily, but as of January 2023, META is trading at around $150 per share.
You can refer to the chart below to see what the stock is currently trading at.
How to Buy Instagram Stock
Instagram stock is not publicly traded, so you must buy its parent company Meta Platforms under the ticker symbol META.
To buy stock in Meta, you must open a brokerage account with a stockbroker, such as TD Ameritrade, E-Trade, or Charles Schwab. Once you have an account, you can place an order to buy shares of Facebook on the stock market.
The stock price will fluctuate based on supply and demand and other factors such as the company's financial performance and overall market conditions.
Who Owns Instagram Stock?
Facebook, Inc. (Meta) owns Instagram through an acquisition process. In 2012, Facebook acquired Instagram for $1 billion in cash and stock. This means that Facebook purchased all of the outstanding Instagram shares and became the company's sole owner. As a result of the acquisition, Instagram became a subsidiary of Facebook, and its financial performance and future prospects are now closely tied to those of Facebook.
When a company acquires another company, it may pay for the acquisition using cash, stock, or a combination of both. In the case of the Instagram acquisition, Facebook paid for the acquisition using both cash and stock.
The cash component of the purchase price was financed through a combination of cash on hand and borrowing, while the stock component of the purchase price was financed through the issuance of newly issued shares of Facebook's Class A common stock. This means that the shareholders of Instagram received shares of Facebook's stock in exchange for their shares of Instagram.
It's important to note that Meta has complete control over Instagram, as it owns 100% of the company's stock. As a result, Facebook makes all the decisions regarding Instagram's strategy, operations, and finances and can use Instagram's resources to support its own business objectives.
What is Instagram?
Instagram is a photo and video-sharing social networking service. It allows users to upload, share, and view photos and videos and interact with other users by commenting and liking their posts. Users can also create and share stories, which are short videos or photos that disappear after 24 hours. Instagram also has a feature called IGTV, which allows users to upload longer-form videos of up to 60 minutes.
One of the key features of Instagram is that it is a visual-based platform. Users can apply filters and editing tools to their photos and videos and share them on other social media platforms like Facebook and Twitter. Instagram also allows users to create an account and share their photos and videos publicly or privately.
Instagram has become increasingly popular among individuals and businesses alike. The platform has over 1 billion monthly active users. It has become a powerful tool for marketing and advertising, as well as a way for people to share and connect with friends, family, and communities.
Who Created Instagram?
Instagram was founded in 2010 by Kevin Systrom and Mike Krieger and quickly grew in popularity as a photo and video-sharing platform.
Who Uses Instagram?
Various people and businesses use Instagram across different age groups, genders, and locations. However, certain demographic groups are more likely to use the platform than others.
In terms of age, Instagram tends to be particularly popular among younger people. According to data from the Pew Research Center, 71% of adults aged 18 to 29 use Instagram, compared to just 43% of adults aged 30 to 49. However, the platform has also significantly increased usage among older adults in recent years.
Regarding gender, Instagram tends to be slightly more popular among women than men. According to the same data, 43% of adult women use Instagram, compared to 31% of adult men.
In terms of location, Instagram is popular worldwide, with a large user base in North America, Europe, and Asia.
When it comes to businesses, Instagram is widely used by brands and companies of all sizes across all industries. Many companies, from small local businesses to large global corporations, use Instagram to connect with their customers, promote their products or services, and build their brand.
In addition, Instagram is also a powerful tool for influencer marketing, where businesses partner with individuals with a large following on the platform to promote their products or services.
Overall, Instagram is a widely used social media platform with a diverse demographic of users and businesses.
Instagram Stock | Bottom Line
Instagram is a popular photo and video-sharing social networking service that allows users to upload, share, and view photos and videos. Facebook acquired the platform in 2012 for $1 billion in cash and stock, so the stock symbol for Instagram is currently META.
The current Instagram stock price varies daily, and as of January 2023, META is trading at around $150 per share. However, Instagram stock is not publicly traded, so you must buy its parent company Meta Platforms under the ticker symbol META. You can open a brokerage account with a stockbroker such as TD Ameritrade, E-Trade, or Charles Schwab to buy Meta.
Various people and businesses widely use Instagram across different age groups, genders, and locations, but it is particularly popular among younger people, women, and businesses of all sizes across all industries. Instagram's popularity has made it a powerful tool for marketing and advertising and connecting with friends, family, and communities.
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