A password will be e-mailed to you.

Share This Post!

By Oluwatoyin Adeleye

Instagram co-founders, Kevin Systrom and Mike Krieger have confirmed that they are leaving the company, and stepping down as the chief executive and chief technical officer of the app on Monday night.

They both tweeted about their resignation.

Mike wrote:

While Kevin tweeted:

The app was founded 8 years ago in 2010, and Facebook became their parent company for $1 billion in 2012. They are not the first founders who will be leaving their business after being acquired by Facebook, as the WhatsApp founder did the same.

There’s no telling what the future of the ‘Gram looks like without the co-founders in place, seeing as their parent company Facebook’s been going through some issues in recent times.

instagram founder

Neither Kevin nor Mike has said exactly why they’re stepping down, however, in a statement to Buzzfeed Kevin said:

“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.

We remain excited for the future of Instagram and Facebook in the coming years as we transition from leaders to two users in a billion. We look forward to watching what these innovative and extraordinary companies do next.

Read also: Instagram Opens Up Verification Process To Basically Everyone

Comments are visible after approval

Share This Post!