«Breaking News» Instagram co-founders resign with no explanation amid rumors of clashes with Zuckerberg

The men who co-founded the billion-dollar social media platform Instagram are resigning without an explanation. 

Chief Executive Kevin Systrom and Chief Technical Officer Mike Krieger are leaving the smartphone photo-sharing service bought by Facebook six years ago for a billion dollars.

'Mike and I are grateful for the last eight years at Instagram and six years with the Facebook team,' Systrom said in a statement late Monday night. 'We've grown from 13 people to over a thousand with offices around the world, all while building products used and loved by a community of over one billion. We're now ready for our next chapter.' 

Their departures come as Facebook grapples with criticism over not guarding user information and after frequent clashes with Facebook Chief Executive Mark Zuckerberg over the direction of Instagram, Bloomberg reported.

Instagram co-founders Kevin Systrom (left) and Mike Krieger (right) resigned Monday night

Reports have been swirling of 'clashes' between the men and Facebook CEO Mark Zuckerberg

'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,' Systrom said.

Facebook acquired Instagram in April 2012 for a combination of cash and stock worth some $1 billion at the time.  

CEO Mark Zuckerberg called Systrom and Krieger 'extraordinary product leaders' and said he was looking forward 'to seeing what they build next.'

Instagram in June announced it passed a billion active users, and unveiled a new long-form video feature in a bid to attract 'creators' like those on YouTube 

The platform has been a hit with young internet users, an audience that Facebook is keen to keep in its fold. 

Many see Facebook as being the main vehicle for spreading false information in recent years, and of being used by nefarious interests out to sway the results of the elections such as the one that put President Donald Trump in the White House.

The CEO and CTO are departing with no explanation after selling to Facebook six years ago but said they are 'ready for our next chapter'

Zuckerberg called the pair 'extraordinary product leaders' and said he was looking forward 'to seeing what they build next'

The Cambridge Analytica public relations disaster, in which Facebook admitted that up to 87 million users may have had their data hijacked by the British consultancy firm, came on top of widespread criticism of the social network's propensity to spread and accentuate large amounts of completely false information.

Facebook is facing multiple inquiries from US and British regulators about the Cambridge Analytica user data scandal, and its boss Mark Zuckerberg was grilled by the European Parliament and the US Congress earlier this year.

WhatsApp co-founder Jan Koum earlier this year also left Facebook, which bought the smartphone messaging service for $19 billion.

Koum said in a post on his Facebook page that he was taking time off to pursue interests such as collecting air-cooled Porsches, working on cars and playing ultimate Frisbee.

Reports indicated that a disagreement with Facebook over the privacy of user data may have also been a factor in Koum's decision to quit his position as a high-ranking executive and likely leave his seat on the board at the leading online social network.

'We remain excited for the future of Instagram and Facebook in the coming years as we transition from leaders to two users in a billion,' Systrom wrote in a statement. 'We look forward to watching what these innovative and extraordinary companies do next.'

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https://hienalouca.com/2018/09/25/instagram-co-founders-resign-with-no-explanation-amid-rumors-of-clashes-with-zuckerberg/
Main photo article The men who co-founded the billion-dollar social media platform Instagram are resigning without an explanation. 
Chief Executive Kevin Systrom and Chief Technical Officer Mike Krieger are leaving the smartphone photo-sharing service bought by Facebook six years ago for a billion ...

It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

Dianne Reeves Online news HienaLouca





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