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Instagram CEO and CTO Resigns Amidst ‘tensions’ with Facebook Owner, Mark Zuckerberg

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The news of the resignation of the CEO and CTO of the popular facebook-owned photo sharing platform, Instagram, came as a surprise to many on Monday night. In a message posted by the now ex-CEO, Kevin Systrom, he acknowledged that he and the CTO, Mike Krieger have resigned from the social media company. His statement came after an article published by The New York Times that the duo had called it quits, and Bloomberg ultimately said that the move came “after growing tensions with [Facebook’s] Chief Executive Officer Mark Zuckerberg over the direction of the product.”

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Krieger and Systrom jointly founded Instagram in 2010, and Facebook acquired it for $1 billion in 2012.
The news comes against the backdrop of months of turmoil and scandals for Facebook, from Cambridge Analytica’s misappropriation of tens of millions of Facebook users’ data to continued backlash from the spread of Russian propaganda during the 2016 US election. Instagram has to date been the bright spot in Facebook’s portfolio, largely (though not totally) untainted by controversies — however the resignation of the two key executives raises questions about the route and future of the wildly popular app.

 

What are you thoughts on this? Do you think Instagram will still remain the same after this exit? Share your thoughts in the comment section below.

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