Instagram’s co-founders have resigned from Facebook

Instagram co-founders Kevin Systrom and Mike Krieger resigned from the photo-sharing company today. The news was first reported by The New York Times this evening and confirmed in a blog post written by Systrom. “We’re planning on taking some time off to explore our curiosity and creativity again,” he wrote. “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.”

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,…

Continue reading…

Powered by WPeMatico