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Instagram’s Co-Founders Leave Company

Discussion in 'Article Discussion' started by Melody Bot, Sep 25, 2018.

  1. Melody Bot Sep 25, 2018
    Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    Mike Isaac, reporting for The New York Times:


    Kevin Systrom and Mike Krieger, the co-founders of the photo-sharing app Instagram, have resigned and plan to leave the company in coming weeks, according to people with direct knowledge of the matter. The exits add to the challenges facing Instagram’s parent company, Facebook.

    Mr. Systrom, Instagram’s chief executive, and Mr. Krieger, the chief technical officer, notified Instagram’s leadership team and Facebook on Monday of their decision to leave, said the people, who spoke on condition of anonymity because they were not authorized to discuss the matter publicly.
    ​

    Whoa. This isn’t a good sign for the future of Instagram.

    Expand - View Original
     
  2. Drew Beringer Sep 25, 2018
    Drew Beringer

    @drewberinger / we dogs Moderator

    whoa is right - that's really fucking odd
     
    Jason Tate likes this.
  3. Snoblin Sep 25, 2018
    Snoblin

    Goblin Person Prestigious

    Mounting customer complaints no doubt. Their tiered rollout of features has been nothing short of a disaster, and it probably has all sorts of things mucked up internally.

    I’m sure that’s just one of many nails in the coffin.
     
  4. Drew Beringer Sep 25, 2018
    Drew Beringer

    @drewberinger / we dogs Moderator

     
  5. Remove
  6. Christian Romero Sep 25, 2018
    Christian Romero

    @axoromero Supporter

    Please Facebook, don’t ruin Instagram.
     
  7. Jonathan Sep 25, 2018
    Jonathan

    ¯\_(ツ)_/¯ Verified

    If I had to guess, their golden handcuffs are off: they've completed their promised time to Facebook, which means they've collected their bonuses. I'm sure it's a mix of not wanting to be tied to a company currently embroiled in so much bad press, but also wanting to try something new.
     
    coleslawed, falafelmywaffle, mattylikesfilms and 1 other person like this.
  8. CyberInferno Sep 25, 2018
    CyberInferno

    Line below my username Supporter

    That's really interesting. Hopefully the truth comes out and we find out what really happened.
     
  9. Ryan Sep 25, 2018
    Ryan

    Might be Spider-Man...

    Low-key hoping this is the beginning of the end of "social media" as we've known it. Especially the past few years of it.
     
    Chase Tremaine, bradsonemanband, David Parke and 1 other person like this.
  10. supernovagirl Sep 25, 2018
    supernovagirl

    Poetic and noble land mermaid

    wait...wut? So in what ways do ya'll think this will be bad news for insta?
    I'm honestly confused. It's clearly one of the most popular apps. People can rake in hella money on there so I don't understand why they would discontinue it or something
     
  11. elphshelf Sep 26, 2018
    elphshelf

    100% made of farts Supporter

    That stock is vested fo sho
     
  12. Jonathan Sep 26, 2018
    Jonathan

    ¯\_(ツ)_/¯ Verified

    For founders, they usually want them there 4-5 years, so I'd have to say so. But aside from the stock being vested, they often get offered extra money if they fulfill a certain amount of time there on top of vested stock.
     
  13. Jonathan Sep 26, 2018
    Jonathan

    ¯\_(ツ)_/¯ Verified

    Jason Tate likes this.
  14. Remove
  15. Malatesta Sep 27, 2018
    Malatesta

    i may get better but we won't ever get well Prestigious

    it's interesting to see these tech optimists realize that they should not have been so optimistic
     
  16. Jonathan Oct 2, 2018
    Jonathan

    ¯\_(ツ)_/¯ Verified