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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: 1) by khallow on Friday September 28 2018, @12:12PM
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.