Reports have suggested that Instagram founders have also stepped down from their post for no cited reasons. Instagram was the brainchild of co-founders, Kevin Systrom and Mike Krieger, who were the Chief Executive Officer (CEO) and the Chief Technology Officer (CTO) respectively. Apparently, the duo wish to take some time off to ‘explore creativity and curiosity’ again.
Founded in 2010, Instagram has attracted the millennials considerably, owing to its simple interface and design which allows the user to share photos, videos and stories. It was acquired by Facebook in 2012 for a whopping US$ 1 billion. In June 2018, the company surpassed the one billion users milestone.
Consequently, Instagram became the fourth in the list to achieve this after the eponymous company, Whatsapp and Messenger. Instagram recently launched the 'IGTV' feature for watching long-form vertical videos. It also launched an app separately giving competition to Google's 'YouTube'.
Facebook had recently come under scrutiny regarding the privacy of user’s data. The company, in the recent past, admitted that the data of close to 90 million users were hacked by a firm, raising questions about the security of the private information of the users on the website. Mark Zuckerberg was interrogated by the US Congress and the European Parliament regarding the snag.
Facebook is constantly losing the original founders of the companies that it acquired. Earlier this year, Jan Koum, the co-founder of WhatsApp also resigned from the company due to some concerns over user data's privacy. Mark Zuckerberg, in his official statement, wished the young men all the best and looks forward to what they develop in the future. It is still unclear on who will lead the app after the duo's resignation.