Which company owns Instagram, the photo-sharing service launched in 2010?

Meta Platforms owns Instagram, the photo-sharing service launched in 2010, and Meta is among the world's largest companies by market capitalization.

Instagram was created by Kevin Systrom and Mike Krieger and launched on October 6, 2010. Facebook, Inc. acquired it in 2012 for approximately $1 billion in cash and stock, when the service had a relatively small team.

Facebook, Inc. changed its corporate name to Meta Platforms in October 2021. The rebrand reflected a strategic emphasis on social platforms, virtual and augmented reality, and the company’s long-term metaverse ambitions.

Instagram remains a Meta-owned service, but it is not the same legal entity as Meta Platforms. Market capitalization measures Meta's publicly traded equity value, not Instagram's standalone value.