THE CO-FOUNDERS OF INSTAGRAM KEVISYSTROM AND MIKE KRIEGER HAVE ANNOUNCED THAT THEY ARE LEAVING THE COMPANY THEY SOLD TO FACEBOOK FOR $1BN SIX YEARS AGO.
Kevin and Mike made this known on their Instagram pages, releasing the same statement on their platforms.
The want to “explore our curiosity and creativity again,” their statement said.
The statement said:
@mikeyk and I are grateful for the last eight years at Instagram and six years with the Facebook team. We’ve grown from 13 people on the team to over a thousand with offices around the world, all while building products used and loved by a community of over one billion. We’ve loved learning to scale a company and nurture an enormous global community. And we couldn’t have done it without our amazing Instagram team, and the support of @zuck, @sherylsandberg, @schrep, and @chriscox at Facebook – we’ve learned so much from all of you. Now, we’re ready for our next chapter.
We’re planning on taking some time off to explore our curiosity and creativity again. Building new things requires that we step back, understand what inspires us and match that with what the world needs; that’s what we plan to do.
We remain excited for the future of Instagram and Facebook in the coming years as we transition from leaders to just two users in a billion. Thank you for being part of Instagram’s community. It’s been (and will continue to be) an honor