MUMBAI: There’s trouble brewing at the Facebook group. Mike Krieger and Kevin Systrom, the co-founders of the photo-sharing app Instagram which was acquired by the social media site in 2012, have decided to leave the company. The duo have put down their papers and will leave the company in a few weeks, adding to the challenges facing Instagram’s parent company, Facebook.
In a statement issued by Krieger, he informed Instagram’s team about their decision to leave the company. While he did not give a reason for stepping down, he said: “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.”
Their departure adds to questions about Instagram’s future as concerns about Facebook’s approach to user data and foreign interference begin to take a toll on business.
The resignation of Instagram founders is an echo of the exit of Whatsapp founder Jan Koum who resigned from the company in April after his rising concern about Facebook’s approach to user data.
Facebook acquired Instagram in April 2012 for $1 billion and WhatsApp in 2014 for a steep $19 billion.
Tag: Mike Krieger
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Instagram co-founders resign from Facebook
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Instagram crosses 500 million members
MUMBAI: Facebook announced yesterday at Cannes that its Instagram community has grown to more than 500 million (50 crore), of which more than 300 million use Instagram every single day. Facebook claimed that Instagram’s community continued to become even more global, with more than 80 percent living outside of the United States.
While thanking its community, an Instagram blog message said, “As you’ve captured and shared the moments happening around you, you’ve formed incredibly varied and diverse communities. Whether you’re an illustrator, a sneakerhead or an astronaut on the International Space Station, every photo and video you share helps bring people closer to friends and interests, broadens perspectives and inspires a sense of wonder. You’ve made Instagram a place where the everyday and the epic are always within reach.”
“Thank you for your creativity, your openness and your passion for sharing your worlds with one another. We can’t wait to see what you create next”.
Instagram was created by Kevin Systrom and Mike Krieger, and launched in October 2010 as a free mobile app. Instagram is an online mobile photo-sharing, video-sharing, and social networking service that enables its users to take pictures and videos, and share them either publicly or privately on the app, as well as through a variety of other social networking platforms, such as Facebook, Twitter, Tumblr, and Flickr. It was acquired by Facebook in April 2012 for approximately $1 billion in cash and stock.
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Instagram crosses 500 million members
MUMBAI: Facebook announced yesterday at Cannes that its Instagram community has grown to more than 500 million (50 crore), of which more than 300 million use Instagram every single day. Facebook claimed that Instagram’s community continued to become even more global, with more than 80 percent living outside of the United States.
While thanking its community, an Instagram blog message said, “As you’ve captured and shared the moments happening around you, you’ve formed incredibly varied and diverse communities. Whether you’re an illustrator, a sneakerhead or an astronaut on the International Space Station, every photo and video you share helps bring people closer to friends and interests, broadens perspectives and inspires a sense of wonder. You’ve made Instagram a place where the everyday and the epic are always within reach.”
“Thank you for your creativity, your openness and your passion for sharing your worlds with one another. We can’t wait to see what you create next”.
Instagram was created by Kevin Systrom and Mike Krieger, and launched in October 2010 as a free mobile app. Instagram is an online mobile photo-sharing, video-sharing, and social networking service that enables its users to take pictures and videos, and share them either publicly or privately on the app, as well as through a variety of other social networking platforms, such as Facebook, Twitter, Tumblr, and Flickr. It was acquired by Facebook in April 2012 for approximately $1 billion in cash and stock.