TechBooky

Instagram co-founders are getting replaced by Adam Mosseri. For nearly 10 years, Kevin Systrom and Mike Krieger have led Instagram, first independently, then later as a bright spot in the greater Facebook hellscape. And in the last few years, Instagram has stood in stark contrast to Facebook as a pretty harmless way to spend your time flipping through nice holiday photos. The service has also continued grow, hitting a billion users this past June. But amidst reported “clashes” with Mark Zuckerberg, Systrom and Krieger decided to leave the app and Facebook behind, taking only lots and lots of money with them. Taking over is Adam Mosseri, who’s been at Facebook since 2008 and played a major role in creating and shaping super-beloved and not at all hated products such as the Facebook News Feed. In a statement published to Instagram’s company blog , the platform’s founders said: “We are pleased to announce that Adam Mosseri, our current vice president of ...

Instagram’s co-founders are headed for the exit, perhaps signalling more trouble for Facebook, which owns the photo-sharing app Kevin Systrom, Instagram chief executive, and Mike Krieger, its chief technology officer, have resigned and plan to leave in the coming weeks. The New York Times was first to report the move on Monday, which the company later confirmed. In a statement, Systrom said he and Krieger are “grateful” for their time at Instagram but are “ready for our next chapter.” Facebook bought Instagram for $1 billion (about £760 million, AU$1.4 billion) in 2012, two years after it was founded. 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. “Kevin and Mike are extraordinary product leaders and Instagram reflects their combined creative talents,” Zuckerberg said in a statement following the...