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Instagram is owned by Meta Platforms, Inc., headquartered in the United States. Yes. The ultimate owner of Instagram, Meta Platforms, Inc., is headquartered in the United States.
Meta Platforms, Inc. is an American multinational technology conglomerate headquartered in Menlo Park, California. It owns and operates several major social media platforms, including Facebook, Instagram, and WhatsApp.
Sources: en.wikipedia.org
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