Instagram founders Systrom and Krieger resign from social media giant after eight years

Instagram is Facebook's fastest-growing product in terms of revenues

Adam Withnall
Tuesday 25 September 2018 05:03
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Instagram has more than 1 billion active monthly users
Instagram has more than 1 billion active monthly users

The two men who founded social media giant Instagram eight years ago have announced they will step down from the company.

Kevin Systrom and Mike Krieger did not specify a reason for resigning from the firm, which was bought by Facebook six years ago for $1bn.

The company issued a statement late on Monday confirming Mr Systrom and Mr Krieger, it's 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 is Facebook's fastest-growing product in terms of revenues, though it has some four million fewer advertisers worldwide than the parent site.

It has more than 1 billion active monthly users and has grown by adding features like messaging and short videos. In 2016, it added the ability to post slideshows that disappear in 24 hours, a copy of Snapchat's popular "stories" feature.

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