2018 Facebook (Meta) Instagram News

Instagram co-founders resign from company

Instagram co-founders, Kevin Systrom and Mike Krieger have announced their departure from the company.

The duo founded the company back in 2010 and was soon was acquired by Facebook in 2012 for $1 billion. Instagram has gone from having 30 million users to more than 800 million.

In a statement on the Instagram blog, written by Systrom:

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.

We’re planning on taking some time off to explore our curiosity and creativity again. Building new things requires that we step back, understand what inspires us and match that with what the world needs; that’s what we plan to do.

We remain excited for the future of Instagram and Facebook in the coming years as we transition from leaders to two users in a billion. We look forward to watching what these innovative and extraordinary companies do next.

Before announcing their resignations, Systrom served as the company’s CEO and Krieger as CTO.

Facebook CEO Mark Zuckerberg has this to say on their departure, “Kevin and Mike are extraordinary product leaders and Instagram reflects their combined creative talents. 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.”

No details as to why Instagram founders have decided to part ways with Facebook

Source: Instagram via The New York Times

By Sachin Bahal

Sachin is a talented and versatile writer with a passion for technology and loves to write about gaming, entertainment, tech and more. He started TheCanadianTechie back in 2012 to become the ultimate, independent source for tech enthusiasts or “techies”.

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