Are you looking to buy Instagram stock?
Well, investors will have trouble finding Instagram’s stock price and stock symbol on the market as…
It’s impossible to buy Instagram stock because the photo and video-sharing social networking service is owned by Facebook, Inc.
Facebook purchased Instagram, back in April 2012 for $1 billion. One month later, Facebook had its IPO (initial public offering). Facebook offered 421,233,615 shares at a price of $38 per share and raised $16.007 billion through that offering.
Facebook’s stock price has seen tremendous growth in recent years, peaking at nearly $210 per share in July 2018. That’s over a 550% return since its IPO.
Facebook’s purchase of Instagram was certainly a great investment as a large part of this success has been contributed by Instagram and the platforms growth to over one billion Instagram users and more than 2 million advertisers.
How to invest in Instagram?
While you cannot buy Instagram stock directly, investing in Facebook (FB) stock will look just as good in your portfolio and provide you with the returns from Instagram’s continued growth. While Facebook stock has slumped lately, you can expect it to rise again as they continue to monopolize the social media market.
If you want to buy Facebook stock (or any other stock for that matter) you will need to open an account with a stock broker.
