Instagram co-founders resign as CEO and CTO

Anca Alexe 25/09/2018 | 08:00

The co-founders of Instagram, CEO Kevin Systrom and CTO Mike Krieger, have resigned from the company, Reuters reports.

They did not provide any specific reason for their departure, but Systrom wrote in a blog post that they plan to take some time off and explore their “curiosity and creativity again”.

Instagram has been owned by Facebook since 2012, after a transaction worth USD 1 billion. The photo-sharing app has over 1 billion active monthly users and is Facebook’s fastest-growing slice of revenue.

The departure of Instagram co-founders comes months after the exit of Jan Koum, co-founder of WhatsApp, another Facebook unit.

 

 

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