For good! Instagram co-founders step down 'to build new things'
For the good! Instagram co-founders step down 'to build new things'
Kevin Systrom and Mike Krieger, the co-founders of the photo-sharing app Instagram, have resigned and plan to leave the company in the coming weeks, adding to the challenges facing Instagram's parent company, Facebook.
Mr. Systrom, Instagram's chief executive, and Mr. Krieger, the chief technical officer, notified Instagram's leadership team and Facebook on Monday of their decision to leave, said people with direct knowledge of the matter, who spoke on condition of anonymity because they were not authorized to discuss the matter publicly.
As Recode reports, the co-founders have disagreed with Facebook boss Mark Zuckerberg's recent product changes including comment tweaks and cross sharing.
The duo sold the photo and video sharing platform to Facebook back in 2010 for USD 1 billion. Systrom and Krieger confirmed their departure from Instagram through an official blog, stating the two are taking time off to build new things.
While the blog does not specify the exact reason to trigger the departure of the duo, it is believed to have been over Facebook's increased influence on the product.
-PTC News
