Instagram co-founders step down

Source : Shamrock Mandrake

Instagram’s CEO Kevin Systrom and CTO Mike Kreiger both resigned from their posts on Monday.

In a statement released by Instagram on Monday, co-founders Systrom and Kreiger said, “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.”

However, this is not the first high profile resignation within Facebook’s ranks – In April, Jan Koum, a Facebook board member and a founder of WhatsApp resigned, citing concerns with Facebook’s stance on user data.

This statement from Instagram comes at time of crisis for their parent company, Facebook, who acquired them in 2012 for $1 billion. For the better part of the past few years, Facebook has been accused of mishandling user data and not preventing foreign interference across the social network – the prime example being the Cambridge Analytica scandal.

Instagram are yet to appoint replacements for Systorm and Kreiger.

Edited by Rahul Aripaka