clearn.png
Thursday February 27th, 2020 11:54PM

Instagram co-founders resign from social media company

By The Associated Press
Related Articles
  Contact Editor

SAN FRANCISCO (AP) — The co-founders of Instagram are resigning their positions with the social media company without explanation.

Chief Executive Kevin Systrom said in a statement late Monday that he and Mike Krieger, Instagram's chief technical officer, plan to leave the company in the next few weeks and take time off "to explore our curiosity and creativity again."

"Mike and I are grateful for the last eight years at Instagram and six years with the Facebook team," Systrom said. "We've grown from 13 people to over a thousand with offices around the world, all while building products used and loved by a community of over one billion. We're now ready for our next chapter."

"Building new things requires that we step back, understand what inspires us and match that with what the world needs; that's what we plan to do," Systrom said. "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."

No explanation was given for their sudden departure from the photo-sharing network they founded in 2010.

Facebook bought Instagram in 2012, just before going public, at a price that seemed inconceivable at the time — $1 billion — especially for a little-known startup with no profit. At the time Instagram was ad-free, with a loyal following of 31 million users who were all on mobile devices — still a somewhat elusive bunch for the web-born Facebook back then. Since then, the service has grown to more than 1 billion users and has of course added plenty of advertisements.

Facebook CEO Mark Zuckerberg called Systrom and Krieger "extraordinary product leaders" and said he was looking forward "to seeing what they build next."

The departures are a challenge for Facebook. Instagram has been a bright spot for the company not just because it's seen as a more uplifting place than Facebook itself, but because it is popular with teens and young people — a group Facebook has had trouble keeping around.

"The challenge with Instagram has always been balancing its strong desire for independence, with the need to make Instagram a part of the Facebook machine," said eMarketer analyst Debra Aho Williamson.

She said one of the key reasons why Instagram has done so well is because it's been integrated into Facebook's advertising system.

Instagram has largely escaped Facebook's high-profile problems over user privacy, foreign elections interference and fake news, even though it is not immune to any of these things (Facebook recently disclosed it has deleted hundreds of pages on its namesake site as well as Instagram that were linked to global misinformation campaigns intended to disrupt elections).

Though Systrom, in the early days of Instagram ads, famously checked each one personally to ensure it aligned with the app's aesthetics, he was not as loudly anti-ads as the founder of another popular Facebook-acquired mobile app, WhatsApp.

WhatsApp's CEO Jan Koum resigned in April.

Koum had signaled years earlier that he would take a stand against Facebook if the company's push to increase profits demanded radical changes in the way WhatsApp operates. In a blog post written when Facebook announced the biggest acquisition in its history, Koum wrote that the deal wouldn't have happened if WhatsApp "had to compromise on the core principles that will always define our company, our vision and our product."

  • Associated Categories: U.S. News, Associated Press (AP), AP National News, AP Online National News, Top U.S. News short headlines, Top General short headlines, AP Business, AP Business - Corporate News, AP Technology News
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
The Latest: Trump says Democrats trying to destroy Kavanaugh
Trump says Democrats are "working hard to destroy" Supreme Court nominee Brett Kavanaugh
10:58PM ( 32 minutes ago )
Trump leads aggressive, all-out GOP drive to save Kavanaugh
Republicans are mounting a combative, coordinated drive to salvage Brett Kavanaugh's Supreme Court nomination
10:57PM ( 32 minutes ago )
Athletics clinch playoff berth with Rays' loss to Yankees
The Oakland Athletics have clinched their first playoff berth in four years, earning at least an American League wild card when the Tampa Bay Rays lost to the New York Yankees
10:43PM ( 47 minutes ago )
Associated Press (AP)
California urges Trump to drop plan for weaker fuel standard
California officials have demanded the Trump administration back off a plan to weaken national fuel economy standards aimed at reducing car emissions and saving people money at the pump
8:19PM ( 3 hours ago )
The Latest: Trump cites 'very good experiences' with France
President Donald Trump is meeting with French President Emmanuel Macron on the sidelines of the United Nations General Assembly
8:03PM ( 3 hours ago )
Ernst & Young faces 2nd sexual harassment complaint
Accounting firm Ernst & Young hit with second sexual harassment complaint this year
7:04PM ( 4 hours ago )
AP Business
The Latest: Trump says Democrats trying to destroy Kavanaugh
Trump says Democrats are "working hard to destroy" Supreme Court nominee Brett Kavanaugh
10:58PM ( 32 minutes ago )
Trump leads aggressive, all-out GOP drive to save Kavanaugh
Republicans are mounting a combative, coordinated drive to salvage Brett Kavanaugh's Supreme Court nomination
10:57PM ( 32 minutes ago )
Athletics clinch playoff berth with Rays' loss to Yankees
The Oakland Athletics have clinched their first playoff berth in four years, earning at least an American League wild card when the Tampa Bay Rays lost to the New York Yankees
10:43PM ( 47 minutes ago )
Home break-ins by black bears surge in Connecticut suburbs
Connecticut environmental officials say the state's bears are getting bolder
10:35PM ( 55 minutes ago )
Cost caps sought for Georgia nuclear project to move forward
The nation's only major nuclear power plant under construction appears to still be alive as the three owners seek to hash out conditions; project yars over schedule and billions of dollars over budget
10:31PM ( 59 minutes ago )