Instagram Cofounders Systrom, Krieger To Exit 09/26/2018

Instagram Co Founders Resign From Company Says Report

In a surprise to Facebook execs and Instagram employees, CEO Kevin Systrom and CTO Mike Krieger - who founded Instagram six years ago - announced Monday that they will be leaving the company.

Systrom did not say why he and Krieger are leaving Facebook, which is facing one of the most turbulent times in its history. Specifically, Instagram's former VP of Product Kevin Weil moved to work with Facebook's blockchain technology and was replaced with the Adam Mosseri, who was VP of Facebook News Feed and part of Facebook CEO Mark Zuckerberg's "inner circle".

Facebook bought Instagram in 2012 for $1 billion.

At the time, Zuckerberg confirmed that Instagram would continue to develop as a standalone service and exist independently, but it seems that wasn't enough to keep Krieger and Systrom on board.

'TOTALLY POLITICAL': Trump defends Kavanaugh after second allegation
As he builds a case for his innocence, Mr Kavanaugh plans to turn over to the committee calendars from the summer of 1982. Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington , U.S., September 4, 2018.

Systrom and Krieger gave no reason for their departure, but multiple reports suggested they were growing frictions between the founders and Facebook chief Mark Zuckerberg.

Zuckerberg described the two as "extraordinary product leaders" and said he wished them all the best and was looking forward to seeing what they build next.

However, another well-known magnate of a Facebook subsidiary, WhatsApp co-founder Jan Koum, resigned from both his company and Facebook's board after reportedly becoming concerned executives planned to undermine the encrypted chat service's security for marketing purposes. Instagram has also largely stayed out of the negative glare of Facebook's privacy issues, which intensified earlier this year on the revelation that political firm Cambridge Analytica had accessed the personal data on tens of millions of users without their knowledge.

Years earlier, Koum said he would take a stand against Facebook if the company's push to increase profits demanded radical changes in the way Whatsapp operates.

Emery targets defensive stability as Arsenal claim win in Europa League opener
But the visiting side from Ukraine pulled two late goals back to leave Emery's team without a single clean sheet this season. But maybe one day we don't score our chances and we keep giving the opponent many chances - we can lose our match.

Shares of Snap, an Instagram rival, rose more than 2 percent on the news.

Instagram attracts a younger cohort of users who are critical to Facebook's growth. Instagram has since been valued at 100 times that $1 billion acquisition price by Bloomberg Intelligence, a sizable return on investment on paper.

Earlier in September, the European Union called Facebook to explain what it does with its users' personal data and how it shares their information with third parties.

What has the social media chatter been?

Beto O'Rourke debate; first debate for Texas Senator tonight
Cruz drew the ire of many Texas conservatives for refusing to endorse Trump during the 2016 Republican National Convention. Democrats need to win a net total of two additional seats to take the Senate and 23 to assume the majority in the House.

All of this proves that Instagram is hugely important to Facebook's future growth, not least because the brand is still comparatively untainted.

Related News:

  • Chelsea flop needs regular games to be a success at Stamford Bridge

    Chelsea flop needs regular games to be a success at Stamford Bridge

    Chelsea midfielder Jorginho broke a Premier League record with his performance against West Ham United on Sunday afternoon. Sarri has admitted the responsibility is on Chelsea and other Premier League clubs to clamour for the change.
    Timberwolves sign Towns to extension

    Timberwolves sign Towns to extension

    He played in 59 games for the Timberwolves last season, averaging 22.2 points, 5.3 rebounds, 4.9 assists and 2.0 steals per game. Butler's contract is set to expire after this season and Thibodeau was looking to lock him up on a long-term contract last July.
    Southampton short on strikers for Liverpool match

    Southampton short on strikers for Liverpool match

    The Saints have no injury concerns but will be without the on-loan Danny Ings , who is ineligible to face his parent club. One, two or three years ago maybe people thought it's a mountain we can not climb.
  • Trump says second Kavanaugh accuser was 'drunk,' says Democrats playing 'con game'

    Trump says second Kavanaugh accuser was 'drunk,' says Democrats playing 'con game'

    Ashley Kavanaugh was asked whether she wondered if her husband was telling the truth about the allegations against him. Kavanaugh said Monday, "I never did any such thing". "Gee, let's not make him a Supreme Court judge".
    Brett Kavanaugh’s Fox News Interview Spoke Only to His Supporters

    Brett Kavanaugh’s Fox News Interview Spoke Only to His Supporters

    Trump reserved most of his ire for the Democrats, whom he accused of playing a "very risky game" and hurting Kavanaugh's family. Mr Kavanaugh said Dr Ford's friend does not remember being at a party with him, nor has anyone corroborated the accuser's story.
    Maurizio Sarri calms Pedro injury fears after PAOK win

    Maurizio Sarri calms Pedro injury fears after PAOK win

    And midfielder Willian added: "The way we play we can try to win titles". "I don't know", he said. West Ham face Chelsea this weekend at The London Stadium hoping to build on their momentum.
  • Amazon unveils new Alexa-powered microwave

    Amazon unveils new Alexa-powered microwave

    The next Echo Show now features a high-resolution 10-inch HD display, 8-microphone array, and powerful drivers for better sound. Amazon says the preferred method to hook up Echo Auto is via Bluetooth or an auxiliary jack, which many modern cars possess.
    FedEx Cup purse rising to $70m, winners share to $15m

    FedEx Cup purse rising to $70m, winners share to $15m

    In addition to the Wyndham Rewards, the FedExCup bonus pool will increase by $25 million to $60 million. The other was in 2009, when Phil Mickelson won the tournament and Tiger Woods won the FedEx Cup.
    Cheers At SpaceX: Japanese Billionaire Books First Moonshot

    Cheers At SpaceX: Japanese Billionaire Books First Moonshot

    He said then that two people who know each other approached the company about a weeklong flight to the moon and back. Each artist invited by Maezawa will be asked to create a work after they return based on their experience.
  • Lions top Patriots for Patricia's first win

    Lions top Patriots for Patricia's first win

    The Patriots and Lions were apparently closing in on a blockbuster deal involving Gronkowski during the week of the NFL Draft. Darius Slay picked off Brady's pass at the Detroit 15 midway through the fourth quarter, helping the Lions seal the win.
    Porsche to stop making diesel cars

    Porsche to stop making diesel cars

    Regardless of the reasoning, Porsche's decision to end diesel cars may prompt other companies to do the same. The German manufacturer says it'll concentrate on petrol, electric and hybrid engines.
    Liverpool want to be the ugliest team to play against, says Klopp

    Liverpool want to be the ugliest team to play against, says Klopp

    Mohamed Salah , Sadio Mane , Roberto Firmino and Xherdan Shaqiri galloped into the open field in front of them. Andrew Atherley expects the Liverpool defence to be the bedrock of three more points at Anfield on Saturday.


Most liked

Abhilash Tomy: Injured Indian sailor to be rescued 'soon'
Most of the 11 competitors still in the race were further north and avoided the worst of the storm, organisers said. According to the sailor's website, Abhilash Tomy was the first Indian to sail around the world in 2013.

United States crude falls 32 cents after Trump's latest Twitter warning to OPEC
OPEC members will meet with non-Opec countries, such as Russian Federation , over the weekend to examine their production quotas. Squabbles over "violations" of the supply deal, or debates about how to measure compliance rates, are largely background noise.

Rosenstein, expecting to be fired, heads to White House
Deputy Attorney General Rod Rosenstein has offered his verbal resignation to Chief of Staff John Kelly , Axios reports . Others suggested restraint while seeing if the report was incorrect or if it was planted by some adversary.

Bills win big in Minnesota, defeat Vikings 27
The Vikings netted 14 rush yards all game on a mere six attempts, and their long gain of the game was 17 yards. In the Bills' first two losses, Buffalo gave up 138 yards and two rushing touchdowns to backup running backs.

Leak confirms Amazon Alexa-powered subwoofer
So if you're buying two Echo Plus speakers and the Echo Sub , the total comes out to ₹42,997, but you can get it for ₹32,248. Featuring Bluetooth to connect to an existing Echo device, you can use the Wall Clock to set timers, alarms and reminders.

Puerto Rico marks 1 year since Maria with choirs, protests
Once there, they repaired and replaced roofs, windows and doors, in addition to sanitizing and removing mold from homes. Among them was a group of artists unveiling an exhibition called simply, "6:15 A.M".

Lakers won't include Lonzo Ball in a trade for Jimmy Butler
Butler put in a trade request from the Minnesota Timberwolves after holding showdown talks with Tom Thibodeau earlier this week. He also seems to want to avoid an awkward situation stemming from Butler showing up Monday.

Joshua's Promoter: We'll Try For The Deontay Wilder Fight Again
Either way, Joshua is scheduled to have another fight at Wembley Stadium on April 13, 2019, but the opponent has not been decided. A fierce 7th round Anthony Joshua TKO ended the challenge of Alexander Povetkin in tonight's heavyweight bout in Wembley Stadium.

United defence for accused pick for Trump top job Brett Kavanaugh
Trump chose Kavanaugh to fill the vacancy on the Supreme Court created by the retirement of Justice Anthony Kennedy. Democratic Senator Kirsten Gillibrand denounced Trump's comments on Friday as a " vile attack ".

Flu shots available at health department
Mid-to late December or January is typically the height of flu season, but it can last as late as April some years. Being vaccinated significantly reduces a child's risk of dying from the flu, according to a 2017 CDC study.

Mohamed Salah: Liverpool boss Jurgen Klopp not expecting goals repeat
A year ago he missed chances. "We don't expect that but we want him to score as often as possible". Yet the Reds boss said that he couldn't be happier with his star man.

Milner over Pogba, says Souness
It's the Manchester United you expect now, a team that can go away and win 3-0, as they did in Switzerland. In return, the Molineux chief said: "For me, it's an honour that Mourinho speaks about me".

Late Firmino strike gives Liverpool win over PSG
Liverpool had raced to a two-goal lead thanks to a header from Daniel Sturridge then a penalty from James Milner . I can't say enough good things about Bobby to come off the bench after his injury'.

Suge Knight pleads no contest to manslaughter over fatal confrontation
Knight's attorneys have said he was acting in self-defence and was fleeing armed attackers when he ran over Carter and Sloan. David Kenner, an attorney affiliated with Knight's Death Row Records , said after Knight's arrest that he was not guilty.

Search for landslide victims as Philippines typhoon toll rises
The typhoon also left parts of Hong Kong and Macau severely flooded, though there were no immediate reports of fatalities. Across Hong Kong , authorities tried to clear roads of debris, including toppled trees and bamboo scaffolding.