According to The New York Times, CEO Kevin Systrom and CTO Mike Krieger are leaving the company after eight years of launching Instagram and six years after selling it to Facebook.
The founders did not give a reason for their departure when
they informed the company today that they’re resigning and that they’ll
depart in the next few weeks.
Over the coming days, we’ll investigate whether any
similar concerns contributed to the exit of the Instagram founders.
Instagram spokespeople did not respond to several requests for comment.
Instagram became perhaps the world’s most successful mobile app. Deemed
such a threat, Facebook spent $715 million to acquire the startup and
its less-than 50 million monthly users.
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