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.