Skip to Content
Silicon Valley

Instagram founders turn their backs on Facebook and walk away

September 25, 2018

The founders of Instagram plan to step down from parent company Facebook in the coming weeks.

The news: Instagram cofounders Kevin Systrom and Mike Krieger have resigned from their posts as CEO and CTO. The photo sharing app was founded by the pair in 2010 and bought by Facebook a mere two years later for $1 billion. In a statement on Monday, they said they were taking time off to explore their “curiosity and creativity” and start “building new things.”

However ... There have been reports of tension between the founders and Mark Zuckerberg, and their resignations come after a year when we’ve seen a stream of Facebook scandals.

The significance? It’s too early to say, but Facebook has form when it comes to losing founders of businesses it has bought. In April this year WhatsApp founder Jan Koum resigned, citing concerns over Facebook’s handling of user data. Instagram is seen as one of the company’s most successful acquisitions, so there is likely to be plenty of reflection on what these resignations really mean.

Keep Reading

Most Popular

This startup wants to copy you into an embryo for organ harvesting

With plans to create realistic synthetic embryos, grown in jars, Renewal Bio is on a journey to the horizon of science and ethics.

VR is as good as psychedelics at helping people reach transcendence

On key metrics, a VR experience elicited a response indistinguishable from subjects who took medium doses of LSD or magic mushrooms.

This nanoparticle could be the key to a universal covid vaccine

Ending the covid pandemic might well require a vaccine that protects against any new strains. Researchers may have found a strategy that will work.

Stay connected

Illustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at customer-service@technologyreview.com with a list of newsletters you’d like to receive.