Instagram Co-Founders Resign after Frequent Clashes with Facebook Mark Zuckerberg

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Photo-sharing app Instagram’s co-founders Kevin Systrom and Mike Krieger on Monday have resigned as the chief executive officer and chief technical officer amid clashes with Facebook founder Mark Zuckerberg.

Their resignations came just months after Jan Koum, co-founder of Facebook-owned messaging app WhatsApp, left the social network.

These two resignations have come at a time when Facebook is facing serious questions on its data protection policies and false news dissemination through its network.

Systrom wrote in a blog post on Monday that he and Krieger planned to take some time off and explore their curiosity and creativity again.

https://instagram-press.com/blog/2018/09/24/statement-from-kevin-systrom-instagram-co-founder-and-ceo/

Systrom also mentioned in his blog post that they both are excited about the future of both Instagram and Facebook.

“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. We look forward to watching what these innovative and extraordinary companies do next”, he wrote.

According to Bloomberg, they both resigned after increasingly frequent clashes with Facebook Chief Executive Mark Zuckerberg over the direction of Instagram.

Just after their resignation, Zuckerberg released a statement in which he described the two as “extraordinary product leaders”.

In that statement, he wished them all the best for their future.

“I’ve learned a lot working with them for the past six years and have really enjoyed it. I wish them all the best and I’m looking forward to seeing what they build next,” Zuckerberg said.

Systrom and Krieger resigned on Monday from their posts and soon they would be leaving the network, Instagram said.

They both met through Stanford University and worked separately in Silicon Valley before forming Instagram in 2010.

Facebook bought photo-sharing platform Instagram in 2012 for $1 billion. Instagram has over 1 billion active monthly users. The network has grown by adding features such as messaging and short videos.

In 2016, it added the story feature which disappears in 24 hours.

According to the data from advertising consults EMarketer, the global revenue of Instagram is likely to exceed $8 billion this year.

Recently, the app introduced IGTV which is slowly gaining traction. IGTV serves up longer-length video content, mostly from popular Instagram users.