• Instagram Founders Ditch Facebook

    2 monthes ago - By NPR

    Kevin Systrom and Mike Krieger left the Instagram after clashing with parent company Facebook. Instagram is critical to Facebook's long-term growth strategy, as more people turn to other platforms.
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  • Business Highlights

    2 monthes ago - By Chron

    Into the fold? What's next for Instagram as founders leave
    SAN FRANCISCO - The departure of Instagram's founders underscores the degree to which Facebook has already put its stamp on the photo-sharing service it acquired in 2012, as well as the big plans it has in store. Instagram, now ad- and video-friendly, is growing users and revenue faster than Facebook and may soon be the company's main engine of growth. But it's gotten where it is largely because it's stayed fairly independent.
    Michael Kors ups the glamour, buys Versace for $2 billion
    NEW YORK - Michael Kors is buying the Italian...
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  • Some of the last interviews Instagram founder Kevin Systrom gave before leaving Facebook might hint at what his concerns were

    Some of the last interviews Instagram founder Kevin Systrom gave before leaving Facebook might hint at what his concerns were

    2 monthes ago - By Business Insider

    In a September 5th interview with Reid Hoffman on the Masters of Scale podcast, Instagram cofounder and then CEO Kevin Systrom spoke about his vision for the company - and it might have hinted at the reasons behind his recent departure.
    Facebook's recent handling of Instagram is rumored to have been a headache for Systrom and fellow Instagram cofounder Mike Krieger. In a few interviews before his announcement, Systrom discussed how the initial relationship with Facebook was mutually beneficial, and crucial for Instagram's growth.
    The pair didn't provide a reason for quitting, however, and...
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  • Into the fold? What's next for Instagram as founders leave

    2 monthes ago - By Chron

    SAN FRANCISCO - When Kevin Systrom and Mike Krieger sold Instagram to Facebook in 2012, the photo-sharing startup's fiercely loyal fans worried about what would happen to their beloved app under the social media giant's wings.
    None of their worst fears materialized. But now that its founders have announced they are leaving in a swirl of well wishes and vague explanations, some of the same worries are bubbling up again - and then some.
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  • Kevin Systrom is leaving Instagram - here's how he sold the app to Facebook for $1 billion and built it into a global phenomenon

    Kevin Systrom is leaving Instagram - here's how he sold the app to Facebook for $1 billion and built it into a global phenomenon

    2 monthes ago - By Business Insider

    After eight years, the founders of Instagram are leaving the company.
    CEO Kevin Systrom and CTO Mike Krieger announced Monday that they are departing the mega-popular photo sharing social network , which was bought by Facebook for $1 billion in 2012. The news came following months of turmoil and scandals for Facebook, and reportedly comes amid tension between the founders and Facebook CEO Mark Zuckerberg.
    Still, it's something of a surprise that Systrom and Krieger would leave the app they built from scratch. Instagram grew out of Systrom's love of photography, and has since become one of...
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  • Sonic and Halliburton rise; Facebook and CenturyLink dip

    2 monthes ago - By Chron

    NEW YORK - Stocks that moved substantially or traded heavily Tuesday:
    Facebook Inc., down 50 cents to $164.91
    The co-founders of Facebook's Instagram unit said they are resigning from the company.
    Sonic Corp., up $6.85 to $43.46
    The drive-in restaurant chain agreed to be bought by the parent of Arby's and Buffalo Wild Wings for $1.57 billion.
    CenturyLink Corp., down $1.85 to $21.05
    The communications company said Chief Financial Officer Sunit Patel is taking a job at T-Mobile USA.
    Ascena Retail Group Inc., up 47 cents to $4.48
    The clothing retailer posted a larger fourth-quarter profit and...
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  • Kevin Systrom is leaving Instagram - here's how he sold the app to Facebook for $1 billion and built it into a global phenomenon

    Kevin Systrom is leaving Instagram - here's how he sold the app to Facebook for $1 billion and built it into a global phenomenon

    2 monthes ago - By Business Insider

    After eight years, the founders of Instagram are leaving the company.
    CEO Kevin Systrom and CTO Mike Krieger announced Monday that they are departing the mega-popular photo sharing social network , which was bought by Facebook for $1 billion in 2012. The news came following months of turmoil and scandals for Facebook, and reportedly comes amid tension between the founders and Facebook CEO Mark Zuckerberg.
    Still, it's something of a surprise that Systrom and Krieger would leave the app they built from scratch. Instagram grew out of Systrom's love of photography, and has since become one of...
    Read more ...

     

  • Facebook shares slip after Instagram founders quit

    2 monthes ago - By Reuters

    Shares of Facebook fell after the founders of Instagram left the social networking giant under unexplained circumstances. Fred Katayama reports.
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