Instagram co-founders resign from Social Media Company


SANFRANCISCO: Instagram, the photo and video-sharing social networking service owned by Facebook, Inc. on Monday said its co-founders, Kevin Systrom and Mike Krieger are stepping down from their respective roles as CEO and CTO, without explanation.


They joined the company at a time when Facebook's core platform was under pressure for safeguards customer data.

We planned to take time off and explore "our curiosity and creativity again", on Monday Systrom wrote in a blog post. “Mike and I are grateful for the last eight years at Instagram and six years with the Facebook team,” said Systrom.

Systrom, created the app in 2010 with Mr. Krieger, the outgoing chief technical officer, during his college time at Stanford University.

Systrom and Krieger did not reveal the reason for their immediate resignations, but the reports said that their departure might be due to clash between the Facebook founder Mark Zuckerberg.

Their resignation came after persistent clashes with Facebook chief executive Mark Zuckerberg over the direction of Instagram. In a statement, Zuckerberg delineated the two as "extraordinary product leaders and Instagram reflects their combined creative talents

"I've learned a lot working with them for the past six years and have really enjoyed it. I wish them all the best and I’m looking forward to seeing what they build next," Zuckerberg said.

After its launch in 2010, Instagram rapidly gained popularity, with one million registered users in two months, 10 million in a year, and ultimately 800 million as of September 2017. In April 2012, Facebook acquired the service for approximately US$1 billion in cash and stock. As of October 2015, over 40 billion photos have been uploaded to the service. It is grown by adding features like messaging and short videos. In 2016, it added the ability to post slideshows that disappear in 24 hours. 

Image Credit: The New York Times

1 1 1 1 1 1 1 1 1 1 Rating 0.00 (0 Votes)

Sign up via our free email subscription service to receive notifications when new information is available.

Follow us on Facebook