Instagram founders reportedly resign from Facebook

Just about six years after Facebook closed its $1 billion purchase of Instagram, both of the company's founders are resigning, according to a report from The New York Times. Kevin Systrom and Mike Krieger served as the company's CEO and CTO, respectively, after pivoting the app from a Foursquare-style check-in service called Burbn to focus on photography in 2010. Less than two years after launching its iOS app Facebook announce d plans to purchase the company, which then had around 30 million users and has since grown to over 800 million.

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Source: New York Times



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