Instagram co-founders Kevin Systrom and Mike Krieger resigned from the photo-sharing company today, and both plan to officially depart the company in the next few weeks, according to a report from The New York Times this evening. Neither executives gave a reason for why they wanted to leave the Facebook-owned company.
Valued at many times the $1 billion that Facebook CEO Mark Zuckerberg agreed to purchase it for and now counting more than 1 billion worldwide users, Instagram is arguably Facebook’s most successful acquisition. Its growth since 2012 is largely a product of Systrom and Krieger’s vision, the duos strategic use of Facebook resources, and the willingness to aggressively compete with Snapchat.
Now, Systrom and Krieger’s exit...
Instagram’s co-founders have reportedly resigned from Facebook appeared first on http://www.theverge.com
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