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.

News

Blued, A Gay Social Networking App, To Organize India’s First LGBTQIA Movie Screening Contest

4 min read  

In an effort to raise awareness about the LGBTQ community and give them space from society's imposed restrictions, Blued recently organized a revolutionizing film festival, which invited short movies from independent filmmakers on LGBTQIA topics. This is also a way for Blued to get an official c

News

Netflix Investing $100 MN In Production Hub Is A Well Planned Move

2 min read  

Netflix is extending its love for New York City. Having already filmed so many films in the city, it is planning to invest $100 million to build its production house.New York Governor, Andrew Cuomo, confirmed the news of the new Netflix office by stating,“Netflix is opening a product

News

Facebook Dating: ‘Secret Crush’ Feature Will Help You Get Out Of Friendzone

4 min read  

Facebook is trying to mix the modern dating trend with its old days of hot-or-not websites by introducing a new feature called 'Secret Crush.’ The company announced at its F8 developer conference 2019 that it is adding the more features to its Facebook Dating that will help the user to bec

News

PUBG PS4 Update: US Pre Order Guide And Everything Else

4 min read  

PlayerUnknown's Battlegrounds popularly known as PUBG has come a long way since its initial release in March 2017. PUBG is considered as the first ‘realistic’ Battle Royale game and gave some tough times to its competitors, one being Fortnite.After settling its foot on PCs, Xbox

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