Instagram co-founders Kevin Systrom and Mike Krieger have resigned from Facebook and will leave the company in the coming weeks, making the massively popular app for photo sharing for the first time exclusively owned by Facebook managers .
CEO Systrom and CTO Krieger have informed Instagram leadership and Facebook of their departure on Monday, according to The New York Times.
After the report, Systrom sent a short message to Instagram's official blog confirming the move, in which he said he and Krieger "now y for [their] next chapter. "
"We plan to take some free time to rediscover our curiosity and creativity," Systrom said. "Building new things requires us to take a step back, understand what inspires us and tailor it to what the world needs, that's what we intend to do."
Over the past eight years, co-founders have turned Instagram into a monolith on social media with more than a billion users worldwide.
The app started on Apple's iOS platform in 2010 and quickly moved through the ranks to become one of the most popular titles on the App Store. Instagram remains in the upper part of the App Store, currently in second place for free downloadable apps behind Google's YouTube.
Systrom and Krieger have not explained the reason for their departure, according to sources.
The appearances are the latest in a series of high-profile deviations for Facebook. In the past few months, the social network lost a number of top executives, including VP of communication and public policy Elliot Schrage and VP and general council member Colin Stretch, amid criticism of the company's data collection policy. In April, WhatsApp founder Jan Koum, who joined Facebook on Facebook's purchase of the messaging app in 2014, announced that he was leaving after expressing his concern about how the company handles user data, The times said.
It was in April that Facebook CEO Mark Zuckerberg confronted the Congress to explain how the political information consultancy, Cambridge Analytica, gained unauthorized access to the personal data of some 87 million users.
Facebook, as well as other social media platforms, including Instagram and Twitter, were also convicted for their share of spreading false information that led to the 2016 presidential election. In particular, Russian employees created accounts and Facebook groups, bought ads, and conducted maneuvers with the intention to disrupt the election process.
Whether Systrom and Krieger said goodbye due to the problems with Facebook user data is unclear, although a report by TechCrunch calls tensions with Zuckerberg as a potential catalyst for action.
Facebook bought Instagram six years ago for $ 1 billion in what is considered the most successful acquisition to date.