As per a report from The New York Times, Kevin Systrom and Mike Krieger, the co-founders of Instagram, are leaving the company. The report states that they’ve already resigned and they plan to leave the company in the upcoming weeks.
The people close to the matter have said that the co-founders didn’t provide a reason for stepping down. This major development has taken place eight years after they launched Instagram.
However, according to TechCrunch’s sources, the reason behind this stepping down is the growing tensions between Facebook’s leadership and Instagram co-founders. While the initial terms of acquisition stated that Facebook would allow Instagram to operate independently, things haven’t been the same.
Given Facebook’s slowing growth and newer challenges, the company’s leadership saw Instagram as the next obvious golden goose. This resulted in more pressure on Instagram.
In the past, things between Facebook CEO Mark Zuckerberg and Kevin Systrom had been fine, but the standoffs increased over time. One such example of clash included sharing back to Facebook. While Zuckerberg wanted to connect both the platforms and let Instagram users share stuff on Facebook, Kevin had been against it.
A similar conflict was also seen regarding pushing Facebook notifications inside Instagram and a Facebook button inside Instagram’s settings.
In an official statement, Kevin has said that they’re planning to take some time off. After the break, they plan to build something new. “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,” he added.
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