Silicon Valley Shocked As Co-Founders of Instagram Officially Steps Down

Silicon Valley was rocked yesterday (Sept.24) with the news of Instagram’s co-founders officially stepping down from the popular photo-sharing app.

You can now add Instagram’s Chief Executive Officer Kevin Systrom and Chief Technical Officer Mike Krieger to the growing list of CEOs leaving their companies after Facebook purchased them.

The move comes after Bloomberg reported tension between the two men and Facebook founder Mark Zuckerberg. Systrom confirmed their exit from Instagram in a statement revealing “we’re planning on leaving Instagram to explore our curiosity and creativity again.”

“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.”

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@mikeyk and I are grateful for the last eight years at Instagram and six years with the Facebook team. We’ve grown from 13 people on the team to over a thousand with offices around the world, all while building products used and loved by a community of over one billion. We’ve loved learning to scale a company and nurture an enormous global community. And we couldn’t have done it without our amazing Instagram team, and the support of @zuck, @sherylsandberg, @schrep, and @chriscox at Facebook – we’ve learned so much from all of you. Now, we’re 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 just two users in a billion. Thank you for being part of Instagram’s community. It’s been (and will continue to be) an honor 🙌🏻

A post shared by Kevin Systrom (@kevin) on

Via: Hip Hop Wired

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