The co-founders of Instagram have announced their resignation from the company, amid reports that their departure might be due to an increase in meddling by Mark Zuckerberg, CEO of the site’s parent company, Facebook.
Kevin Systrom and Mike Krieger did not say why they were leaving their positions as chief executive officer and chief technical officer, respectively, of the photo-sharing service, just that they were leaving to explore their “curiosity and creativity again”.
Facebook’s shares were down 2.4% at $161.51 in early trading, knocking more than $11bn off the stock’s market value.
Instagram, which Facebook bought in 2012 for $1bn, has more than a billion active monthly users and has grown by adding features such as messaging and short videos. In 2016 it added the ability to post slideshows that disappear in 24 hours, a copy of Snapchat’s popular “stories” feature.
In a statement on Tuesday, Systrom said he and Krieger were grateful for “the last eight years at Instagram and six years with the Facebook team”.
For more read the full of article at The Guardian
