Instagram’s cofounders are leaving the company.
On Monday night, Kevin Systrom, CEO of the Facebook-owned photo-sharing app, announced that he and fellow cofounder Mike Krieger were departing the social media firm.
His statement came after a report from The New York Times that the duo had quit, and Bloomberg subsequently reported that the move came “after growing tensions with [Facebook’s] Chief Executive Officer Mark Zuckerberg over the direction of the product.”
Instagram has thus far been a bright spot in Facebook’s portfolio, largely (though not entirely) untainted by controversies – but the cofounder team’s departures raises questions about the direction and future of the wildly popular app.
To read more about the departures, click here.
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