The co-founders of Instagram, a picture and video sharing social media platform, Kevin Systrom and Mike Krieger are quitting their positions in the firm. Kevin Systrom, the CEO of the video-sharing giant explained they wanted to put their creativity into action by exploring other opportunities.
Instagram transferred their ownership to Facebook in 2012 after it was sold for $1 billion in cash and stock. CEO Kevin Systrom aged 34 and Mike Kreiger aged 32, the firm’s Chief Technical Officer started the firm in 2010 and were in charge until 2012.
Mark Zuckerberg, CEO of Facebook, in a statement, surmised that the co-founders were very talented and he looked forward to their next creation.
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