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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.
Related: Facebook's Instagram Valued at $100 Billion (It Was Purchased for $1 Billion)
(Score: 0) by Anonymous Coward on Wednesday September 26 2018, @09:33PM (1 child)
The whole point of money is to help people measure all things.
Life is about allocating resources to this or to that. To help you decide, you need a way to make measurements; money is that measuring technology—which is why governments are so keen to grab or keep absolute control over it.
(Score: 0) by Anonymous Coward on Thursday September 27 2018, @05:04PM
while i understand why you think this way, my beliefs about the role of money in human society are somewhat different.
The discourse around the money is that it is as you say a "measure of all things", i agree.
But trouble with measures, KPI, and such is that they eventually _replace_ the territory they claim to measure, wouldn't you agree?
So, it seems logical to me that an idea like that is not "a measuring tool", but rather a tool of control and oppression, that has been forming and has formed hierarchical societies for some time now.
Basically, in my worldview, money is one of many things that does more harm then good, by existing.
One can allocate ressources just fine without money, its the countries and armies, that cannot function without the money... see where i'm going?