Instagram’s co-founders have reportedly resigned from Facebook


Instagram’s co-founders have reportedly resigned from Facebook


Instagram co-founders Kevin Systrom and Mike Krieger resigned from the photo-sharing company Monday, and both plan to officially depart the company in the next few weeks, according to a report from The New York Times. 

Neither executives gave a reason for why they wanted to leave the Facebook-owned company.

Valued at many times the $1 billion that Facebook CEO Mark Zuckerberg agreed to purchase it for and now counting more than 1 billion worldwide users, Instagram is arguably Facebook’s most successful acquisition. Its growth since 2012 is largely a product of Systrom and Krieger’s vision, the duos strategic use of Facebook resources, and the willingness to aggressively compete with Snapchat.

Now, Systrom and Krieger’s exit may impact the social network’s ability to manage its ongoing crises around election interference, fake news, and a general public perception that Facebook is no longer healthy for society or democracy. Instagram has been positioned as a fast-growing and successful alternative to Facebook for teenage users and those disillusioned by Facebook’s privacy violations and its larger impact on digital life. Without Systrom and Krieger at the helm, Instagram may struggle to continue growing at its previous pace.

Systrom and Krieger represent the second pair of wildly successful co-founders to sell a company to Facebook for billions and then depart some years later. Earlier this year, WhatsApp co-founder Jan Koum announced he was leaving Facebook over apparent disagreements about user privacy and data-sharing. Koum’s fellow co-founder Brian Acton left Facebook in September 2017, and Acton has voiced not-so-subtle criticisms of his former employer on Twitter and through his investment of encrypted messaging company Signal. It’s not clear if Systrom or Krieger share any of the same misgivings about Facebook as Koum and Acton.

 

 

 

 





Source link


Like it? Share with your friends!

20
0
20 shares

What's Your Reaction?

eiii eiii
0
eiii
hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
win win
0
win

0 Comments

Your email address will not be published. Required fields are marked *

You may also like

More From: Technology

DON'T MISS

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format