Instagram Co-founders Resign

Kevin Systrom and Mike Krieger, the co-founders of the photo-sharing app Instagram, have resigned and plan to leave the company in the coming weeks, adding to the challenges facing Instagram’s parent company, Facebook.

Mr. Systrom, Instagram’s chief executive, and Mr. Krieger, the chief technical officer, notified Instagram’s leadership team and Facebook on Monday of their decision to leave, said people with direct knowledge of the matter, who spoke on condition of anonymity because they were not authorized to discuss the matter publicly.

Mr. Systrom and Mr. Krieger did not give a reason for stepping down, according to the people, but said they planned to take time off after leaving Instagram. Mr. Systrom, 34, and Mr. Krieger, 32, have known each other since 2010, when they met and transformed a software project built by Mr. Systrom into what eventually became Instagram, which now has more than one billion users.

In a statement late Monday, Mr. Systrom said he and Mr. Krieger were “ready for our next chapter,” and hinted that they would create something new.

Source: https://www.nytimes.com/

I think this was planned ever since they sold it. It’s just about that time. I bet you they have a new project they are gonna start.

wwww said:

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@mod ban this fool

darkblitzrc said:

@mod ban this fool

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What?

If they were part of the original startup (Prior to facebook buying them) they probably had a clause that said they can't leave for X years if they want their full payout.

Now they've probably reached that point and can fully divest any shares they had and walk away with millions, so they're doing it.

It's common when you get acquired, but people will read too strongly into it.

They made money i guess they will make something else now

sounds like that have something big planned, I'm ready for the next big thing.

I am interested to know what will they create now, as you said