Instagram Says CEO Systrom, CTO Krieger Resign

Instagram co-founders Kevin Systrom, Mike Krieger reportedly step down

Their departures come as Facebook grapples with criticism over not guarding user information and after frequent clashes with Facebook Chief Executive Mark Zuckerberg over the direction of Instagram, Bloomberg reported.

Instagram co-founders Mike Krieger and Kevin Systrom are leaving Facebook "to explore [their] curiosity and creativity again", Systrom announced in a blog post.

Mike Krieger, left, and Kevin Systrom, co-founders of Instragram shown at the Webby Awards in 2012 in NY. Systrom and Krieger popularized photo filters and camera lenses, spurring a wave of copycat apps for the iPhone and Android-based smartphones.

Instagram has been a key part of the Facebook empire as younger users shun the original social network and move into different applications. They clearly want to build something new, but it "requires that we step back".

Camera IconStanford University graduates and founders of Instagram, Kevin Systrom and Mike Krieger.Picture: Supplied, Instagram.

As the New York Times noted, Instagram isn't the only one of Facebook's assets to lose its founders.

Instagram accounted for around 9% of all Facebook ad revenue in 2017: According to eMarketer, Instagram pulled in $3.64 billion of Facebook's $40.1 billion global ad revenue.

Lions pull off surprise, beat Patriots
That was a scenario the tight end wasn't a fan of. "I think they clearly outplayed us and out-coached us today", Belichick said. Schefter reports that Gronkowski threatened to retire upon learning of the talks and did not return any of the Lions' calls.

Sources close to the matter told TechCrunch the departure is due to rising tension between Facebook and Instagram's leaders likely the result of a management shuffle in May.

The departure of Instagram co-founders comes months after the exit of Jan Koum, co-founder of WhatsApp, another Facebook unit.

"I've learned a lot working with them for the past six years and have really enjoyed it", he said.

But it may be that it was Facebook's acquisition of the app that ultimately led to the cofounders of Instagram stepping down.

Instagram, which was purchased by Facebook in 2012 for $1bn (£76m), now has more than 1 billion users. Facebook, which is running out of people in the world to add to its product, has become increasingly reliant on the photo-sharing app for its future.

Facebook is facing multiple inquiries from US and British regulators about the Cambridge Analytica user data scandal, and its boss Mark Zuckerberg was grilled by the European Parliament and the US Congress earlier this year. As Facebook has battled controversy about how it uses data, Instagram users have remained mostly unfazed.

In a statement posted on Instagram's info center, Systrom points to the massive growth of Instagram over its lifetime so far. Instagram was a bright future for the company.

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