25 September 20418_campuscad
Instagram’s co-founders Kevin Systrom and Mike Krieger resigned from the Facebook and will leave the company in coming weeks.
Speculations are the “growing tension between Facebook founder Mark Zuckerberg and Instagram co-founders Kevin and Mike over the autonomy of Instagram”. Growth speed of the Facebook is lowered from last couple of years and it is heavily dependent on Instagram. Users are opting out for other apps due to more privacy concerns. Facebook already grilled by US congress over fake news, Russian involvement into the US 2016 elections in August 2018.
To get the control on Instagram, Facebook appointed Adam Mosseri, former VP of Facebook’s News-feed and also considered as a key member of Zuckerberg’s inner circle. Mark Zuckerberg wanted to move more and more Instagram content to Facebook, but Kevin had some diverging opinion.
Instagram Initially, started as Burbn by Kevin Systrom and after joined by Mike Krieger, Burbn redesigned and renamed as Instagram in 2010, the locations based photo sharing app with filters.
Instagram then quickly popular in Silicon valley and users sign up goes skyrocketed lead to continuous crashing of Instagram servers. Instagram was heavily investing to keep its servers up and running. In 2012, Instagram was having more than 50 million active users monthly on their platform.
To get the younger generation back on the Facebook platform, Zuckerberg started talking with Kevin to join hands with the Facebook. Facebook bought the Instagram in 2012 for $715 million in cash and stock deal.
Instagram heavily used the resources by Facebook and lead to the top in photo sharing app market by pushing its prime rival Snapchat back in terms of number of users and revenue. Instagram Story feature is copied from Snapchat and now having 400 million active users monthly and 1 billion overall active users.
In Instagram Press release Kevin Posted: “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.”
Earlier this year in April, Jan Koum co founder of Whatsapp and Facebook board member leaves the company amid growing tensions on user privacy and data sharing. Jan started Whatsapp to make messaging simple with no ads but now Facebook is planning to show ads from different brands on Whatsapp in coming years which consequently compromise the user privacy. Facebook is already building Whatsapp Business API.