Monday February 18, 2019
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Co-Founders of Instagram Step Down From The Firm

Instagram Co-founders Resign from Social Media Company

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Instagram
Kevin Systrom, CEO and co-founder of Instagram, prepares for Wednesday's announcement about IGTV in San Francisco, June 19, 2018. (VOA)

The co-founders of Instagram are resigning their positions with the social media company.

Chief Executive Kevin Systrom said in a statement late Monday that he and Mike Krieger plan to leave the company in the next few weeks.

Krieger is chief technical officer. They founded the photo-sharing app in 2010 and sold it to Facebook in 2012 for about $1 billion.

Instagram
Representational image. Pixabay

There was no immediate word on why they chose to leave the company but Systrom says they plan to take time off to explore their creativity again.

Representatives for Instagram and Facebook didn’t immediately respond to after-hours messages from The Associated Press.

Also Read- Apple Completes Acquisition of Shazam, World’s Most Popular Music Recognition App

Instagram has seen explosive growth since its founding, with an estimated 1 billion monthly users and 2 million advertisers. (VOA)

Next Story

Instagram to Fix Bug Altering Follower Count of Users

Instagram claims to have a user-base of one billion global active users and it is not clear how many users actually did get affected by the problem

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Instagram
Instagram app logo is displayed on a mobile screen in Los Angeles. VOA

A bug on Instagram that has been altering follower counts of users would be taken care of latest by Friday, Instagram announced in a tweet on Thursday.

“We’re expecting to have this issue resolved by 9 a.m. Pacific Standard Time (PST) tomorrow. We understand this is frustrating, and our team is hard at work to get things back to normal,” the Facebook-owned photo-messaging app tweeted.

Instagram confirmed the bug on Wednesday and informed via Twitter that the company was working to resolve the issue as soon as possible.

The bug seemed to have been affecting Indian users as well.

Instagram
Instagram to fix bug altering follower counts by Friday. Pixabay

Several Indian public figures, influencers and pages took to Instagram and Twitter to complain about the glitch.

The drastic drop in followers caused some users to wonder if Instagram was culling inactive and fake accounts, as part of its fight against spam, TechCrunch reported.

Also Read- Aadhaar Data Breach Report Incorrect: High Court

Instagram claims to have a user-base of one billion global active users and it is not clear how many users actually did get affected by the problem.

The Instagram bug was reported just hours after Twitter got infected with a similar bug that caused constant fluctuations on the number of ‘Likes’ and ‘Retweets’ on the platform – making users wonder if accounts were being suspended in mass or if Twitter was deleting them. (IANS)