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.

Manish <span>Content Strategist</span>
Written By
Manish Content Strategist

With a mixture of literature, cinema, and photography, Manish is mostly traveling. When he is not, he is probably writing another tech news for you!

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

How AR in iPhone and iPad is Transforming Landscape of Mobile Apps

4 min read  

Apple’s new augmented reality platform is ready to roll-out after the launch of the updated operating system for mobile. So, iPhone and iPad users have access to the first generation of AR apps available in Apple’s App Store.To play with augmented reality apps, users need to have iOS

News

Everything You Want To Know About The New PUBG Mobile Update Sanhok

2 min read  

PUBG is the name that is in constant discussion among the gamers community across the world. After its release on the Android and iOS, the craze level of PUBG has reached to another level. Taking all this into consideration, the PUBG developers have released a new update that has brought a new set o

News

Facebook Brings On New Dating App Feature For The Users

4 min read  

Now finding love will not be that difficult. If you are a Facebook user, soon you will be introduced to a feature that will let you find love online. In the annual two-day event where developers came together to explore the future of technology, Facebook highlighted a number of tools and initiatives

News

OYO Raises $1 Billion Funding: Newest Entrant In India's Unicorn Club

2 min read  

OYO Hotels is an Indian Startup that is known for allowing their customers to book reliable and affordable rooms all across the country. Just recently, this hotel chain, OYO has raised approximately $1 BIllion in their latest funding round.As reported by the company's spokesperson, this fund

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.