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When you log in to your favorite social media app, you may not realize some of the ways it is connected to other popular social media platforms. Globally, many of the top social networking services own (or are owned by) the same parent companies.
Investors looking to capitalize on the popularity of the latest social media trends may wish to keep this in mind. Take a closer look at some of the companies that own leading social media platforms and services worldwide.
Key Takeaways
- Some of the largest social media platforms in the world are subsidiaries of other companies.
- Meta Platforms, for example, owns Facebook, Instagram, Messenger, and WhatsApp, giving it the highest concentration of active users globally.
- Established tech giants such as Microsoft and Alphabet own prominent social media networks, such as LinkedIn and YouTube, and offer a range of other offerings.
Major Social Networking Companies
The world’s most popular social media platforms are owned by a few major companies. Below is a closer look at some of these key players and the platforms they control.
Meta Platforms
Meta Platforms Inc. (META), formerly Facebook, owns and operates three of the top four social networking platforms by monthly active users (MAU). It is likely best known for Facebook, which had 3.07 billion MAU as of July 2024, making it the largest social media platform globally by this measurement.
Meta also owns Instagram, the popular photo, video, and private messaging platform, as well as messaging apps Messenger and WhatsApp. Both WhatsApp and Instagram have 2 billion monthly active users as of July 2024.
Tencent
Tencent Holdings Ltd. is a Chinese technology and entertainment holding company that owns a portfolio of popular social networking platforms throughout Asia. Of these, the largest by MAU is Weixin, also known in English as WeChat, which had just over 1.36 billion MAU as of July 2024. WeChat is a messaging platform that also offers payment services and a host of other tools.
Tencent also owns QQ, an instant messaging and web portal service, which reported 553 million MAU as of July 2024.
ByteDance
ByteDance is a Chinese tech giant best known outside of Asia for the video-focused social media platform TikTok. The U.S. government has raised concerns over TikTok’s potential use in unauthorized surveillance operations and its impact on children and teens. In August 2024, the Justice Department and Federal Trade Commission sued TikTok and ByteDance for violating the Children’s Online Privacy Protection Act (COPPA).
Despite these actions, TikTok remains widely popular: As of July 2024, it had 1.6 billion monthly active users.
ByteDance also owns and operates a number of other social media platforms that are available in China, including Douyin—an alternative to TikTok focused on the Chinese market—and content discovery and news aggregator Toutiao, among others.
Microsoft
Microsoft Corp. (MSFT) is a software, electronics, and hardware maker that is perhaps not best known as a social networking company, despite its prominence in the United States and abroad as one of the leading office software and tech firms. However, Microsoft owns some of the most popular networking companies for both personal and business use. These include LinkedIn, the professional networking platform with more than 1 billion members worldwide. Microsoft also owns video and voice communications platform Skype.
Alphabet
One of the primary offerings of tech giant Alphabet Inc. (GOOGL) is YouTube. While not a conventional social media platform in the format as others mentioned, YouTube is a space in which content creators and audiences can come together to share entertainment and information. As of July 2024, there were just over 2.5 billion monthly active YouTube users worldwide.
Sina
Chinese technology firm Sina Corp. provides mobile and various online services. It also owns Weibo, a popular microblogging platform with roughly 588 million monthly active users as of July 2024.
X Corp. (Formerly Twitter, Inc.)
The microblogging site X has become one of the most influential social media sites, with about 586 million monthly active users worldwide as of July 2024. In October 2022, billionaire Elon Musk purchased the social media platform for $44 billion and took it private, eventually renaming it X Corp.
Following the acquisition, the company has struggled to find direction due to mass layoffs and abrupt changes in the company’s business model.
Other Social Media Companies
There are a variety of other social media companies that maintain significant user bases, either regionally or globally, but they either are private companies or are publicly traded companies without a parent or subsidiary social media platforms. These include Chinese video-sharing app Kuaishou, camera and social media platform Snap Inc. (SNAP), instant messaging service Telegram, and content aggregator and discussion platform Reddit, among many others.
Who Owns Most Social Media Platforms?
Some of the most popular social media platforms worldwide, including Facebook, Instagram, and TikTok, are subsidiaries owned by other companies. In these cases, Meta Platforms owns Facebook and Instagram, while ByteDance owns TikTok.
Which Social Media Companies Are Owned by Google?
Alphabet, the parent company of Google, owns YouTube, the video-sharing site.
Which Social Media Platform Has the Largest User Base?
In terms of number of monthly active users (MAU), Facebook is the largest social media platform globally. It had an estimated 3.07 billion monthly active users worldwide as of July 2024.
The Bottom Line
The ever-growing network of social media companies has shifted significantly since the industry first developed. Some of the major players in the space have been acquired by other companies, such as Instagram, which was acquired by Meta Platforms (then Facebook) in 2012. Other social media platforms are subsidiaries of different companies, such as TikTok, which is owned by ByteDance.