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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) by khallow on Thursday September 27 2018, @01:06AM (4 children)

    by khallow (3766) Subscriber Badge on Thursday September 27 2018, @01:06AM (#740564) Journal

    It defies all reason, but just imagine, it'd be fucking crazy.

    Why would it defy all reason? Billionaires are people too. And lot's of people have ethical boundaries. Maybe you need to let that brain out more? It seems to have trouble with this exercise.

  • (Score: 2) by ikanreed on Thursday September 27 2018, @02:09AM (3 children)

    by ikanreed (3164) Subscriber Badge on Thursday September 27 2018, @02:09AM (#740585) Journal

    Billionaires are people too

    Dubious, see talk page.

    • (Score: 1) by khallow on Thursday September 27 2018, @04:04AM (2 children)

      by khallow (3766) Subscriber Badge on Thursday September 27 2018, @04:04AM (#740638) Journal
      Talk page?
      • (Score: 3, Touché) by ikanreed on Thursday September 27 2018, @04:10AM (1 child)

        by ikanreed (3164) Subscriber Badge on Thursday September 27 2018, @04:10AM (#740642) Journal

        I'm trying to riff on "citation needed". There was a far less popular template on wikipedia for when the interpretation of a citation was heavily disputed on the talk page. You'd get a little blurb that looks like [Dubious, see talk]

        I'm here for any other obscure wiki jokes no one gets you want.

        • (Score: 1) by khallow on Friday September 28 2018, @12:12PM

          by khallow (3766) Subscriber Badge on Friday September 28 2018, @12:12PM (#741290) Journal
          In SN, all pages are talk pages. So why metajokes rather than talk about why you have that opinion?

          My take is it's not any different from any other unpleasant, but well-paying job where someone has decided for whatever reason that the negatives outweigh the positives. Maybe the person decides the job isn't worth it. Maybe they think they can do better or get richer faster out from under the thumb of Facebook. Maybe they don't have that long to live and want to spend that five years doing something else. Maybe the person is doing so out of some sense of ethics or maybe not.

          Point is that they're a human making human choices. The amounts of money involved don't change that.