Who owns Meta? Who owns Facebook, Instagram? What to know (2024)

Meta social media platformsexperienced technical difficultiesTuesday,leading many people to search questions about their favorite apps.

As reports poured in, social media users turned to Google for info on Meta, Facebook, Instagram and more. Here are answers to some of the most-searched questions Tuesday.

Who owns Meta? Who owns Facebook, Instagram? What to know (1)

Who owns Meta?

According toBusiness Insider, Meta Platforms Inc., previously known as the Facebook Co., is a publicly-traded company, meaning it is not owned by a single person or group. However, Facebook founder and CEO Mark Zuckerberg is the majority shareholder of Meta, owning 13% of its stake as of January 2024.

The largest company shareholder is Vanguard Group Inc.

Facebook Co. changed to Meta in 2021.

Who owns Meta? Who owns Facebook, Instagram? What to know (2)

Who owns Facebook?

Facebook, one of the largest social media networks in the world, is one of many platforms owned by Meta. Zuckerberg founded Facebook in February 2004 in Cambridge, Massachusetts.

Who owns Instagram?

Instagram, a photo and video-sharing website and app, is owned by Meta. Instagram launched Oct. 6, 2010, and was acquired by Facebook in 2012 for $1 billion.

Who owns Snapchat?

Snapchat, an instant messaging app, is not owned by Meta but is actually owned by the company Snap Inc. Snap Inc. was cofounded by Evan Spiegel and Bobby Murphy in September 2011.

Spiegel has been the company's CEO since 2012.

Who owns Discord?

Discord, a popular communication and gaming platform, is another independent company founded byJason Citron and Stanislav Vishnevskiy in 2015. CNBC reports that Microsoft offered to buy the company for $10 billion in 2021, but the deal fell through.

Who owns Threads?

Threads is a new text-based social media that launched in the summer of 2023 to compete with Twitter, now known as X. It is owned by Meta.

Who owns WhatsApp?

WhatsApp, an instant messaging and voiceover app, is owned by Meta. Meta acquired the company in 2014 for $19 billion.

Who owns Twitter?

Who owns Meta? Who owns Facebook, Instagram? What to know (3)

Twitter, a text-based social media app, was founded in 2004 byEvan Williams,Biz Stone and Noah Glass.SpaceX CEO Elon Musk purchasedthe platformfor $44 billion in October 2022. Musk has since implemented many changes to the brand, including changing its name to X.

Who owns Meta? Who owns Facebook, Instagram? What to know (2024)

FAQs

Who owns Meta? Who owns Facebook, Instagram? What to know? ›

Facebook and Instagram are both owned by Meta Platforms, Inc., formerly known as Facebook, Inc. Meta is a multinational technology conglomerate based in Menlo Park, California, and is considered one of the Big Five technology companies in the U.S., along with Google, Amazon, Apple, and Microsoft.

Who owns Instagram and Meta? ›

Instagram has been owned by Meta Platforms since 2012. Major shareholders of Meta Platforms include Mark Zuckerberg, Vanguard, and BlackRock. Zuckerberg's stake in Meta is worth more than $166 billion.

Are Facebook and Instagram both owned by Meta? ›

Meta, the company that owns Facebook, also owns Instagram and WhatsApp, two other extremely popular social media platforms. The company has made many acquisitions over its history, most of which have been rolled into the company or ceased to exist.

Who owns who owns Meta? ›

Meta is a publicly traded company owned by its shareholders. The company's top shareholder is founder and CEO Mark Zuckerberg.

Who owns Facebook and Instagram now? ›

Meta Platforms, Inc., doing business as Meta, and formerly named Facebook, Inc., and TheFacebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services.

Who controls Meta? ›

Mark Zuckerberg Founder, Chairman and Chief Executive Officer. Mark Zuckerberg is the founder, chairman and CEO of Meta, which he originally founded as Facebook in 2004. Mark is responsible for setting the overall direction and product strategy for the company.

How many companies does Meta own? ›

Some Facts About Meta

Meta owns 94 companies with total assets of $165.987 billion till 2023, here we listed the top companies owned by Meta. Meta is a multinational American company with headquarters located in Menlo Park, California with a total of 66,185 employees in the year 2023 an increase of 20.9% from 2022.

How do I get rid of Meta on Facebook? ›

To cancel your Meta Verified subscription on Facebook:
  1. Log into your verified Facebook account on a computer.
  2. Click your profile picture in the top right.
  3. Click Settings & privacy, then click Settings.
  4. Click Accounts Center in the left menu, then click Meta Verified.
  5. Click Manage subscription.
  6. Click Cancel subscription.

How does Meta make money? ›

Meta, formerly known as Facebook, primarily earns revenues by selling advertising space on its social media platforms, such as Facebook and Instagram.

Why did Facebook rebrand to Meta? ›

One of the reasons Mark Zuckerberg said the company was rebranding was that during 17 years of existence, Facebook had acquired a whole mess of apps, such as Instagram and WhatsApp, and it was awkward for the parent company to have the same name as one of those apps. Fair point.

Does Warren Buffett own Meta? ›

Buffett doesn't own any shares of two FAANG stocks -- Meta Platforms (formerly known as Facebook) and Netflix. Berkshire does have a stake in Markel, which holds positions in Meta and Netflix. However, neither would be considered a Buffett stock in any sense.

Who is the biggest shareholder of Meta? ›

According to the latest TipRanks data, approximately 22.69% of Meta Platforms (META) stock is held by retail investors. Who owns the most shares of Meta Platforms (META)? Vanguard owns the most shares of Meta Platforms (META).

Who is CEO of Meta? ›

Mark Zuckerberg, CEO of Meta, has accused the Biden administration of exerting pressure on Facebook to censor certain Covid-19-related content, including posts that were humorous or satirical.

What is Meta doing? ›

Meta builds technologies that help people connect, find communities and grow businesses. We're moving beyond 2D screens and into immersive experiences in the metaverse, helping create the next evolution of social technology.

How many apps does Meta own? ›

Total mobile app downloads for Meta Platforms was 297m, including 50m iOS app downloads and 247m Android app downloads. Meta Platforms has a total of 126 apps, including 61 iOS apps, and 65 Android apps. Their top grossing app last month was Instagram and their most downloaded app was WhatsApp Messenger.

Who stopped Facebook and Instagram? ›

Facebook, Instagram, and Threads, owned by Meta, faced an outage due to a technical issue. Users had trouble accessing the services, including Facebook Login, refreshing Instagram feeds, and Threads displaying error messages. Previous similar outages occurred in 2021. Facebook has the largest user base.

Does Meta make money from Instagram? ›

Meta, formerly known as Facebook, primarily earns revenues by selling advertising space on its social media platforms, such as Facebook and Instagram.

Did Meta buy out Instagram? ›

Meta bought Instagram in 2012

Instagram has been around since 2010. Meta (then Facebook) acquired it in 2012 for $1 billion.

Does Elon own Instagram? ›

He does not own Instagram. That's Facebook and Zuckerberg's property. Musk does own Twitter.

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