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December 22, 2024

Instagram Co-Founders Leave the Company Amid Reported Tensions With Zuckerberg

Author : Sputnik News | Editor : Indie | September 26, 2018 at 10:24 AM

Instagram creators Kevin Systrom and Mike Krieger have said that they were excited for the future of their social network and its current parent company Facebook despite their decision to leave.

Systrom and Krieger have resigned and intend to leave the company in the coming weeks, as they announced their decision to Facebook, Inc.

"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," Kevin Systrom, Instagram Co-Founder & CEO said in a statement published on the site. 

According to Systrom, they are "now ready" for their "next chapter."

"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," he stated.

Representatives of Facebook, which owns Instagram, have not yet commented on this decision.


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Earlier, Bloomberg reported that the head and the technical director of the photo-sharing social network had disagreed more with the parent company about the management of the business since Facebook bought Instagram in 2012.

The New York Times notes that the departure from the company of Systrom and Krieger calls into question the future of Instagram.

Instagram is a free photo and video sharing application with social network elements developed in the US in 2010 by Kevin Systrom and Mike Krieger.

In 2012, Facebook announced the purchase of the service for one billion US dollars.


- Source : Sputnik News

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