Kevin Systrom and Mike Krieger, the co-founders of photo and video sharing platform Instagram have resigned from their positions. Their reasons for quitting the Facebook-owned company is not known. Systrom was serving as Instagram’s Chief Executive Officer, and Krieger was the Chief Technical Officer of the company. Facebook acquired Instagram for $1 billion (cash and stock) in 2012. At that time, nearly 30 million people were using Instagram and since then, the user number has swelled to a billion by the second quarter of 2018. “Mike and I are grateful for the last eight years at Instagram and six years with the Facebook team. 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. We’re planning on taking some time off to explore our curiosity and creativity again. Building new things requires that we step back, understand what inspires us and match that with what the world needs; that’s what we plan to do,” Kevin Systrom, Co-Founder of Instagram said in a statement. Meanwhile, Mark Zuckerberg, the CEO of Instagram’s parent company Facebook, wished the duo “all the best” in a tweet and said that he is “looking forward to seeing what they build next.” 1/2: A message from our CEO Mark Zuckerberg: “Kevin and Mike are extraordinary product leaders and Instagram reflects their combined creative talents. I've learned a lot working with them for the past six years and have really enjoyed it. — Facebook (@facebook) 25 September 2018 Instagram was founded in 2010 and at first was a location check-in app called Burbn. According to Engadget, the app followed the same check-in concept as Foursquare. Krieger and Systrom met at a Stanford University fellowship programme and decided to work together. Eventually, Burbn was retooled and renamed Instagram, New York Times reported. The development follows the jolt that Facebook received after the CEO of its other subsidiary WhatsApp resigned in May. Reports claimed that WhatsApp co-founder and CEO, Jan Koum decided to move on amid differences of opinion with parent company Facebook over data privacy, encryption and other issues. Koum announced his exit from WhatsApp immediately after The Washington Post reported his plans to depart “after clashing with its parent, Facebook, over the popular messaging service's strategy and Facebook's attempts to use its personal data and weaken its encryption.”
from Latest Technology News https://ift.tt/2IdHEHB
flipkart
Subscribe to:
Post Comments (Atom)
flipkart
Edit videos on your mobile phone using the YouTube Create App
YouTube has introduced its new mobile app called ‘YouTube Create’. This app offers an easy way for creators to edit their videos right from ...
- September 2023 (83)
- August 2023 (126)
- July 2023 (113)
- June 2023 (102)
- May 2023 (162)
- April 2023 (160)
- March 2023 (148)
- February 2023 (136)
- January 2023 (173)
- December 2022 (163)
- November 2022 (163)
- October 2022 (181)
- September 2022 (178)
- August 2022 (174)
- July 2022 (136)
- June 2022 (125)
- May 2022 (146)
- April 2022 (130)
- March 2022 (143)
- February 2022 (132)
- January 2022 (145)
- December 2021 (157)
- November 2021 (239)
- October 2021 (269)
- September 2021 (270)
- August 2021 (212)
- July 2021 (252)
- June 2021 (225)
- May 2021 (184)
- April 2021 (181)
- March 2021 (343)
- February 2021 (299)
- January 2021 (320)
- December 2020 (334)
- November 2020 (305)
- October 2020 (318)
- September 2020 (340)
- August 2020 (347)
- July 2020 (337)
- June 2020 (310)
- May 2020 (308)
- April 2020 (418)
- March 2020 (316)
- February 2020 (282)
- January 2020 (329)
- December 2019 (323)
- November 2019 (393)
- October 2019 (403)
- September 2019 (386)
- August 2019 (454)
- July 2019 (579)
- June 2019 (509)
- May 2019 (697)
- April 2019 (725)
- March 2019 (746)
- February 2019 (702)
- January 2019 (932)
- December 2018 (758)
- November 2018 (729)
- October 2018 (835)
- September 2018 (838)
- August 2018 (548)
- March 2018 (24)
-
Now that the first Developer Preview of the next version of Android has gone live, we can expect to see more and more reports of upcoming fe...
-
Huawei, it seems, cannot seem to steer away from controversy around its smartphones’ camera capabilities. This time, a Chinese photographer ...
-
OnePlus could be on the road to launch its first smartwatch very soon. A report recently surfaced that reveals a listing on Indonesia's ...
No comments:
Post a Comment