Instagram co-founders, Kevin Systrom and Mike Krieger are stepping down from their respective roles as CEO and CTO as they already have announced their resignation from the company on Monday.
Though the chief executive officer and chief technical officer didn’t disclose the reason of their position but their departure might be due to tensions between the men and Facebook founder Mark Zuckerberg where they said will have to “explore our curiosity and creativity again”.
“We’re planning on taking some time off to explore our curiosity and creativity again,” Systrom wrote. “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.”
Their announcement came after increasingly frequent clashes with Facebook Chief Executive Mark Zuckerberg over the direction of Instagram, Bloomberg reported. In a statement, Zuckerberg described the two as “extraordinary product leaders”.
“I’ve learned a lot working with them for the past six years and have really enjoyed it. I wish them all the best and I’m looking forward to seeing what they build next,” Zuckerberg said.
Instagram is its parent company’s fastest-growing slice of revenue, but it touts 4 million fewer monthly advertisers globally. It has become a key contributor to Facebook’s growth and profits, and is growing at a faster rate than Facebook.
“We believe Instagram has been able to use Facebook’s infrastructure to grow more than twice as quickly as it would have on its own. A big congratulations to the Instagram team — and to all the teams across our company that have contributed to this success”, Said Mark.
> Shatabdi Sarker Poushi
Instagram Co-Founders are Resigning from Social Media Company
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