Current Events #4-2.docx - Aldiana Kamencic 1 2 3 4 Current Events#4 The two co-founders of Facebook Kevin Systrom who is instagram’s chief executive

Current Events #4-2.docx - Aldiana Kamencic 1 2 3 4 Current...

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Aldiana Kamencic Current Events #4 1. The two co-founders of Facebook, Kevin Systrom, who is instagram’s chief executive, and Mike, Krieger, who is instagram’s technology officer are stepping down because they are clashing with Facebook executives over the extent of instagram’s autonomy. The two hope to take some time off in order to explore their curiosity and creativity in hopes that they will build new things from inspiration and what the world needs. Facebook’s chief, Mark Zuckerberg shifted a senior Facebook executive, Adam Mosseri, over to instagram because he anticipated the other founders would leave. The senior Facebook officials could tell Systrom and Krieger were beginning to become frustrated working within a large companies so they started to prepare for their departure. In recent months, the Facebook officials have been clashing with the Instagram co-founders over how to expand the upper base for Instagram and the growth tactics for this social media. 2. Systrom and Krieger founded Instagram in 2010 and sold it to Facebook for $1 billion in 2012. Many young people have stopped using Facebook and switched to Instagram with there being more than 1 billion monthly active users. Facebook in recent years has been dealing with slowing growth and Instagram has been a bright spot within Facebook. Even though Systrom and Krieger are stepping down, Zuckerberg wishes them all the best and is looking forward to see their next creation because he stated they were amazing product leaders and through all their hard work with Instagram, he has learned a lot from working with them. Both co-founders were highly respected among the other employees and were seen as key defenders of Instagram’s culture within Facebook. The departure of Systrom
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  • Fall '07
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  • mark zuckerberg

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