You can still follow individual reporters posting their own content. For example I can access both https://www.instagram.com/wizard_bisan1/ or https://www.instagram.com/clarissawardcnn/, etc.
But I can not access the organization pages like https://www.instagram.com/cnn/
It’s hard to not be cynical about it.
I'm sure the impact was fully unintentional. Very welcome after the fact. But still unintentional
You can argue that this was a predictable response by Meta or that it was a stupid law, but it was not a ban.
You can still follow individual reporters posting their own content. For example I can access both https://www.instagram.com/wizard_bisan1/ or https://www.instagram.com/clarissawardcnn/, etc.
But I can not access the organization pages like https://www.instagram.com/cnn/