The Hustle

BREAKING: Instagram’s 2 co-founders resign unexpectedly from Facebook

Kevin Systrom and Mike Krieger, the 2 co-founders of Instagram, resigned suddenly from Facebook yesterday after working there for 6 years. Instagram has been a remarkably successful acquisition for Facebook: The company ballooned from $1B to more than $100B and...


September 25, 2018

Kevin Systrom and Mike Krieger, the 2 co-founders of Instagram, resigned suddenly from Facebook yesterday after working there for 6 years.

Instagram has been a remarkably successful acquisition for Facebook: The company ballooned from $1B to more than $100B and now accounts for 29% of Facebook’s quarterly growth.

But this unexpected departure couldn’t come at a worse time for Facebook. After the Cambridge Analytica scandal, Instagram was one of the company’s most stable assets — but now it could face turmoil, too.

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