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posted by takyon on Wednesday September 26 2018, @05:57PM   Printer-friendly
from the 100-to-1 dept.

Instagram Co-Founders to Step Down From Facebook

The two co-founders of Facebook Inc.'s popular Instagram app are stepping down, a move marking continued tumult at the social-networking giant.

The co-founders—Kevin Systrom, Instagram's chief executive, and Mike Krieger, chief technology officer—clashed with Facebook executives over the extent of Instagram's autonomy in recent months, according to people familiar with the matter. Earlier this year, Chief Executive Mark Zuckerberg shifted a senior Facebook executive, Adam Mosseri, over to Instagram in anticipation that the founders might leave, one of the people said.

Among other things, Facebook officials, including Mr. Zuckerberg, clashed with the co-founders over growth tactics and how to more rapidly expand the photo-sharing app's user base, another person said. Senior Facebook officials had known the two men were frustrated working within a large company and had begun making preparations for them to leave, another person familiar with the matter said.

Also at NYT, The Atlantic, and Gizmodo.

See also: Facebook's Terrible Year Hits a New Low: The departure of Instagram's founders is a particularly painful sting during a truly rotten year.

Related: Facebook's Instagram Valued at $100 Billion (It Was Purchased for $1 Billion)


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  • (Score: 1, Informative) by Anonymous Coward on Thursday September 27 2018, @12:02AM (4 children)

    by Anonymous Coward on Thursday September 27 2018, @12:02AM (#740542)

    I am sorry that you suffer from autism. It must make many activities that neurotypical people take for granted very difficult. I have heard promising things about the application of cannabis bud in cases of autism.

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  • (Score: 0) by Anonymous Coward on Thursday September 27 2018, @12:31AM (3 children)

    by Anonymous Coward on Thursday September 27 2018, @12:31AM (#740548)

    It has made me very rich.

    • (Score: 0) by Anonymous Coward on Thursday September 27 2018, @01:14AM (2 children)

      by Anonymous Coward on Thursday September 27 2018, @01:14AM (#740567)

      Allow me to imitate the UN delegation.

      *snort* lol!

      Just to be clear, I am laughing at you.

      • (Score: 0) by Anonymous Coward on Thursday September 27 2018, @02:56AM (1 child)

        by Anonymous Coward on Thursday September 27 2018, @02:56AM (#740607)

        So, laugh away if it makes you feel better.

        • (Score: 0) by Anonymous Coward on Thursday September 27 2018, @03:20AM

          by Anonymous Coward on Thursday September 27 2018, @03:20AM (#740617)

          It does, thank you. Laughter has many benefits that are documented in the relevant medical literature. I appreciate your services as court jester. I really do! You're special to me! I will refer to you as she from now on. You've earned it!