Instagramís Co-Founders Said to Step Down From Company

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Thread: Instagramís Co-Founders Said to Step Down From Company

  1. #1

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    Instagramís Co-Founders Said to Step Down From Company

    https://www.nytimes.com/2018/09/24/t...rs-resign.html

    SAN FRANCISCO ó 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, according to people with direct knowledge of the matter. The exits add to the challenges facing Instagramís parent company, Facebook.

    Mr. Systrom, Instagramís chief executive, and Mr. Krieger, the chief technical officer, notified Instagramís leadership team and Facebook on Monday of their decision to leave, said the people, who spoke on condition of anonymity because they were not authorized to discuss the matter publicly.

    Mr. Systrom and Mr. Krieger did not give a reason for their departure, according to the people, but said they planned to take time off after leaving Instagram. Mr. Systrom and Mr. Krieger have known each other since 2010, when they met and transformed a software project built by Mr. Systrom into what eventually became Instagram, which now has more than one billion users.

    A spokeswoman for Facebook, which owns Instagram, did not immediately have a comment.

    The departures raise questions about Instagramís future at a time when Facebook faces its most sustained set of crises in its 14-year history. For much of the past two years, critics have railed against Facebook for being careless with user data and for not preventing foreign interference across its network of more than two billion people. The issues have started taking a toll on Facebookís business, with the company saying in July that growth in digital advertising sales and in the number of its users had slowed down.

    The founding leaders of Instagram leaves facebook and this comes at a time when facebook has to deal with various controversies on its venue.

  2. #2
    Quote Originally Posted by RadioPatrol View Post

    The founding leaders of Instagram leaves facebook and this comes at a time when facebook has to deal with various controversies on its venue.
    It's not like they need the money or aggravation.

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