News

Instagram Co-Founders Resign From Facebook To Explore Their Curiosity And Creativity

Facebook bought Instagram back in 2012 for $1bn.

Instagram Co-Founders Resign From Facebook

Instagram co-founders Kevin Systrom and Mike Krieger, announced their departure from Facebook. Instagram’s CEO and CTO have shared that they are resigning from their respective positions in Instagram, which is owned by Facebook. Instagram founders have shared the wish ‘to explore their curiosity and creativity again’ as the reason behind this move.

Facebook Inc. acquired Instagram six years ago and took control over all the staff of the video-sharing organization. Since the transitions both Systrom and Krieger remained the head of the platform with their respective roles. “Mike and I are grateful for the last eight years at Instagram and six years with the Facebook team. We’ve grown from 13 people to over a thousand with offices around the world, all while building products used and loved by a community of over one billion. We’re now ready for our next chapter”, Systrom wrote on the Instagram’s press release page.

According to Instagram, the founders have notified the leadership team yesterday about their decision and will be leaving the company soon.

On this surprising move, Mark Zuckerberg, CEO Facebook also shared his gratitude towards the pair by saying that he, “really enjoyed” working with Systrom and Krieger. He further added, “Kevin and Mike are extraordinary product leaders, and Instagram reflects their combined creative talents”. He also said, “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.”

Maybe Systrom and Krieger didn’t reveal the real reason behind their departure, but according to Bloomberg, the action is the result of growing tension between the men and Zuckerberg. According to the sources and reports both the founders were not happy with the direction of the business since Facebook has acquired Instagram. Besides, Instagram founders are leaving the company six months after the WhatsApp founder Jan Koum stepped down from his CEO role. Moreover, Kaum was also disappointed with Facebook and asked the users to delete the Facebook app after the Cambridge Analytica incident.

Kevin Systrom and Mike Krieger departure could affect Instagram and hence its parent company Facebook Inc. In 2012, Facebook bought Instagram for $1bn, and at that time it had 30 million users that have grown to 800 million. Instagram is the fastest growing platform among all the messaging or social media services owned by Facebook Inc. In a short period of time, the platform has surpassed Snapchat with its ‘stories’ features.

Over the period of one year, Facebook has lost many of its key business contributors including Brian Acton and Jan Koum, founders of WhatsApp. Now, the list gets bigger with Kevin Systrom and Mike Krieger leaving Instagram.

Tanya <span>Editor In Chief</span>
Written By
Tanya Editor In Chief

She is a content marketer and has more than five years of experience in IoT, blockchain, Web, and mobile development. In all these years, she closely followed the app development, and now she writes about the existing and the upcoming mobile app technologies. Her essence is more like a ballet dancer.

Want To Hire The Best Service Provider?
MobileAppDaily will help you explore the best service providers depending on your vision, budget, project requirements and industry. Get in touch and create a list of best-suited companies for your needs.
News

Google Chrome Now Supports Oculus Rift For Web-Based VR On Desktops

4 min read  

Google Chrome now supports the VR content on websites for Oculus Rifts headset. The update comes in the Chrome 66 version that Google pushed a couple of days back. However, the change was hidden beneath the codes until one Reddit user spotted it and shared over the internet. Now, the Chrome browser

News

Instagram Added Portrait And Landscape Format To Its Album Feature

4 min read  

Finally, Instagram added the option that users were craving for a long time. Instagram, now lets you post portrait and landscape images in a single album.In February, the company added the feature to post up to 10 photos together in a single post with the name album. After the update, the users

News

Best Announcements From Google Cloud Next 2019 So Far

4 min read  

This year the tech giant, Google is back again with their annual year that is the Cloud Next developer conference, which will be taking place in San Francisco this week. There's no denying the fact that the Google Cloud Next event is one of the most exciting conferences.In addition to a myst

News

Now Instagram Let’s You Share Songs You Shazam

2 min read  

There is no stopping to Instagram. Every other week, the photo and video-sharing social networking service are coming with some or the other feature. In one such new move, Apple-owned Shazam app now let the user share songs that they Shazam directly to their Instagram Stories.The new update has

MAD Originals
MAD Originals

Cut to the chase content that’s credible, insightful & actionable.

Get the latest mashup of the App Industry Exclusively Inboxed

  • PRODUCTS
  • SERVICES
  • BOTH
Join our expansive network, build connections and expand your brand presence.