Home Daily Blitz Instagram Founders Systrom And Krieger Leaving Facebook-Owned Firm
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Instagram Founders Systrom And Krieger Leaving Facebook-Owned Firm

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The following is an excerpt from BBC.com | September 25, 2018 |

The co-founders of photo-sharing giant Instagram, Kevin Systrom and Mike Krieger, are both leaving the firm.

Mr Systrom, chief executive, said they were departing to "explore our curiosity and creativity again".
Instagram, purchased by Facebook in 2012 for $1bn (£760m) in cash and stock, has more than a billion users.

There had been reports of tension between the pair and Facebook, and the departures add to what has been a troubling year for the parent company.

Mr Systrom, 34, the CEO, and Mr Krieger, 32, the chief technical officer, started the image sharing site in 2010 and continued to run the service after it was acquired by Facebook.
What have the pair said?

Not a great deal. They reportedly only told the Facebook leadership on Monday so the departure appears pretty sudden.

For more visit: BBC.com

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