Instagram Founders Leave Facebook
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 in cash and stock, has more than a billion users.
Over 8 years ago, Kevin and I started Instagram, hoping to build something that would bring out people’s creativity and spirit for exploration. Now it’s time for the next chapter. A huge thank you to everyone in the community who we’ve met along the way. https://t.co/9Omyj6VHbe
— Mike Krieger (@mikeyk) September 25, 2018
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.
CEO Mark Zuckerberg said in a statement that Instagram reflected the founders’ “combined creative talents”. “I’ve learned a lot working with them for the past six years and have really enjoyed it,” he said. “I’m looking forward to seeing what they build next.”