• Instagram's cofounders are resigning to “explore our curiosity and creativity again”

    23 days ago - By Fast Company

    The pair reportedly decided to resign after “growing tensions” with Facebook founder Mark Zuckerberg.
    Kevin Systrom and Mike Krieger, Instagram's CEO and CTO, respectively, have announced they will step down from the company in the near future, reports Bloomberg. The duo founded the photo-sharing app before selling it to Facebook in 2012 for $715 million. At the time of the sale Instagram had only 30 million users, but since Facebook's acquisition of the service, its user base has exploded to over 1 billion.
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  • Kevin Systrom dropped clues last year about why he would hate Facebook meddling with Instagram

    Kevin Systrom dropped clues last year about why he would hate Facebook meddling with Instagram

    23 days ago - By Business Insider

    Instagram's cofounders, Kevin Systrom and Mike Krieger, sensationally quit on Monday.
    Several reports noted that there have been recent clashes with Facebook's leadership over Instagram's autonomy, with sources saying that Facebook is exerting tighter control over its $1 billion acquisition.
    Systrom dropped clues last year about how much he values Instagram's independence, telling Recode that it's important "not to meddle if things are going really well."
    His abrupt departure suggests that Instagram's freedom was being eroded.
    Instagram's two cofounders, Kevin Systrom and Mike Krieger...
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  • Instagram's co-founders are leaving Facebook

    23 days ago - By Reuters

    Instagram co-founders Kevin Systrom and Mike Krieger have resigned as chief executive officer and chief technical officer of the photo-sharing app owned by Facebook Inc, with the pair giving scant explanation. Grace Lee reports.
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  • Instagram Co-Founders to Leave Facebook

    23 days ago - By Fortune

    Instagram's co-founders are leaving the popular photo-sharing app, raising questions about the future direction of what has been a growth engine for parent company Facebook .
    Instagram CEO Kevin Systrom said Monday evening in a corporate blog post that he and chief technology officer, Mike Krieger, would step down from the social networking giant and are “planning on taking some time off to explore our curiosity and creativity again.”
    Systrom did not say when he and Krieger would leave, but The New York Times reported earlier on Monday that it would be in the coming weeks. The executives...
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  • 10 things in tech you need to know today

    10 things in tech you need to know today

    24 days ago - By Business Insider

    Good morning! This is the tech news you need to know this Tuesday.
    The two founders of Instagram will quit Facebook, amid reports of tensions with CEO Mark Zuckerberg. Kevin Systrom and Mike Krieger, CEO and CTO of Instagram, said they want to explore their creativity again.
    Snap has partnered with Amazon for a new feature called Visual Search, which will let users buy items through its app. Users can point the Snap camera at products, which will bring up more information and an option to buy via Amazon.
    The White House has distanced itself from a draft executive order which outlined a...
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  • Founders of Instagram say they're leaving Facebook Inc

    24 days ago - By Stl Today

    The founders of Instagram announced in a surprise move Monday that they were leaving Facebook Inc. Kevin Systrom and Mike Krieger said they were "ready for their next chapter" and said they were grateful for the six years they spent...
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