The two gems who founded social media giant Instagram has announced their resignation from the firm past eight years. The company issued a press release late on Monday confirming Mr. Systrom and Mr. Krieger, it’s the chief executive officer and chief technical officer, had declared their decision to leave.
Mr. Systrom wrote in a blog post that they plan to take some time off and explore “our curiosity and creativity again”.
Instagram has more than 1 billion active monthly users and has grown by adding features like messaging and short videos. In 2016, it added the aptitude to post slideshows that disappear in 24 hours, a copy of Snapchat’s popular “stories” feature.
Instagram is Facebook’s fastest-growing product segment in terms of revenues, though it has some four million fewer advertisers worldwide than the parent site.
Systrom and Krieger Sold Instagram for $1 Billion. Now It’s Worth $100 Billion. Kevin Systrom and Mike Krieger did not specify a motive for resigning from the firm, which was bought by Facebook six years ago for $1bn.