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Instagram Gets its New CEO- Adam Mosseri

Instagram was founded in 2010 and bought by Facebook two years later for $1 billion

Adam Mosseri, a veteran 10-year Facebook executive, will become the new head of Instagram, outgoing co-founders Kevin Systrom and Mike Krieger announced Monday.

“We are thrilled to hand over the reins to a product leader with a strong design background and a focus on craft and simplicity,” Systrom and Krieger said in a press release.The pair announced their resignation last week without giving a clear explanation.

Instagram CEO
Adam Mosseri, then-Vice President of Product Management for Facebook, speaks during the 2016 TechCrunch Disrupt in San Francisco, California, Sept. 14, 2016. (VOA)

Mosseri, 35, has been Instagram’s head of product since May. He began as a designer at Facebook in 2008, and recently ran its News Feed. His appointment comes among fears that with the departure of Instagram independent-minded founders, the app will become more like Facebook: Cluttered with features, and invasive of user’s personal data.

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Instagram was founded in 2010 and bought by Facebook two years later for $1 billion. While Facebook has struggled to hold onto younger users, Instagram remains popular with teens. It has also remained scandal-free, while Facebook has taken heat for numerous scandals including the spread of fake news, alleged exploitation of user data with third parties, electoral interference, and its use as a platform for radical leaders to spread propaganda in developing countries. (VOA)

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