SAN FRANCISCO — The co-founders of Instagram are resigning from 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 the chief technical officer. They founded the photo-sharing app in 2010 and sold it to Facebook in 2012 for about $1 billion.
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.
FILE – Apps for WhatsApp, Facebook, Instagram and other social networks are seen on a smartphone in Chennai, March 22, 2018.
Representatives for Instagram and Facebook didn’t immediately respond to after-hours messages from The Associated Press.
Instagram has seen explosive growth since its founding, with an estimated 1 billion monthly users and 2 million advertisers.
– Associated Press
