We will know more is amazon own instagram in this article.In a world where virtually every second of our time is spent on the internet, big digital monopolies own the majority of our most-used apps- be it shopping, video-streaming, or social media apps.Have you ever shopped an entire month’s grocery off Amazon, or spent hours scrolling on Instagram, and wondered & wanted to know who is behind these insane applications that give you an opening to global networking and put the world at your fingertips? To broadly answer the question, since these apps are more often than not a game of billions, there are multiple shareholders or owners involved.But in order not to keep you wondering, here is the answer to the question,does Amazon own Instagram? No, Amazon does not own Instagram.
What is Amazon
The Amazon company needs absolutely no introduction, but for the unversed, Amazon is an international company that has branched out to various sectors like e-commerce and video-streaming among others, currently headquartered in Seattle, USA. It has found its place in the Big Five American IT (Information Technology) companies, which says a lot about its efficacy and authenticity.
It was founded by Jeffrey Bezos, popularly just known as Jeff Bezos, in 1994 and was an e-commerce site for books. With time, it stretched out to other times as well and is now rightly known as The Everything Store. An interesting fact about Amazon is that its logo consists of an arrow connecting the ‘A’ and ‘z’ in the name, symbolizing that it sells everything you could ever want!
Amazon’s Subsidaries
- Twitch: Game live streaming platform.
- Amazon Prime Video: Video streaming platform
- IMDb: A data house of information and reviews on all kinds of media.
- Whole Foods Market: Retail supermarket store chain.
These are just four of the subsidiaries, there are many others which function just as fine and famous! Amazon also owns multiple production houses. For example, it has a literature-centric branch called Amazon Publishing through which books are published, and Amazon Studios, through which it films and produces its original streaming content.
Who owns Amazon?:
Individual Major Shareholders:
The current second richest man in the world, Jeffrey Bezos, is the biggest owner of Amazon with the ownership of 11.1% of outstanding shares in the company.
Second only to Bezos, Andrew Jassy holds the power seat on the board of directors. He is the CEO (Chief Executive Officer) and owns 0.02% of the outstanding shares of Amazon.
The third biggest Amazon Board member is Jeffery Blackburn, with 0.01% ownership of all outstanding shares.
Institutional Major Shareholders:
Advisor Group Inc. is a brokerage company that provides asset management and other related services. It owns a solid 7.1% of all Amazon outstanding shares.
Vanguard Group Inc. deals in various retirement investment services, with 6.6% of the outstanding share of the company.
BlackRock Inc. which sells the iShare ETF range of products owns 5.4% of the outstanding shares.
For more details on the same, head over to https://www.investopedia.com/articles/insights/052816/top-4-amazon-shareholders-amzn.asp.
What is Instagram?
Instagram is an American social media platform where one can share their pictures, create videos, and chat with people from all over the world. It was launched in 2010 by Kevin Systrom and Mike Krieger, and it saw immense growth in just a little over a year- attracting approximately one billion users worldwide.
Who Owns Instagram?
In 2012, Instagram was bought by giant social media app Facebook Inc. as its founder and CEO Mark Zuckerburg believed that Instagram would sooner or later pose a real threat to Facebook’s growth.
Ownership Details:
Facebook was renamed Meta in October 2021 and is the leading social media network company in the world. It completely owns Instagram, with its acquisition rate being approximately USD 1 billion in cash and stocks. Statistics hint that Instagram now generates more revenue than its parent company. Facebook or rather Meta has recently acquired other companies like WhatsApp and Oculus as well.
Metaverse:
Meta’s faculty is introducing a new and exciting concept, which revolutionizes how one views virtual spaces and extends the boundaries of digital boundaries. Metaverse is blending physical and virtual living to a point where it brings the future to now. Its components include virtual reality and augmented reality, along with usage of the highly developed 3D technology. It is also gradually turning into a commercial hub, where people monetize both their logical and artistic assets.
Conclusion:
These are two different entities, although equally big players in the market. We came to know that Amazon is owned by multiple major individual and institutional shareholders, while Instagram is owned by Meta, which is mainly owned by Mark Zuckerberg.
FAQs:
- What is Jeff Bezos’s Net worth?
Jeff Bezos is worth around USD 178 billion.
- What is Mark Zuckerburg’s net worth?
Zuckerberg is valued at around USD 74 billion.
- What is Virtual Reality or VR?
Virtual reality provides simulated experience using advanced technology.
- What is NFT?
NFTs are non-fungible tokens or a digital token that is now used for commercial purposes.
