Instagram co-founders Kevin Systrom and Mike Krieger are stepping down:
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.
We’re planning on leaving Instagram to explore our curiosity and creativity again. Building new things requires that we step back, understand what inspires us and match that with what the world needs; that’s what we plan to do.
We remain excited for the future of Instagram and Facebook in the coming years as we transition from leaders to two users in a billion. We look forward to watching what these innovative and extraordinary companies do next.
—Kevin Systrom, Co-Founder & CEO
You don’t need to read headlines to know kids have been ditching Facebook in record numbers for quite a while now. Most of the social media action is on Instagram (owned by Facebook) and Snapchat.
The departure of the Instagram co-founders isn’t necessarily cause for alarm, but at the same time no platform lasts forever.