Instagram’s Co-Founders Leave Company

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

  1. 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.

     
  2. Drew Beringer

    @drewberinger Moderator

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

    Chaotic-Good Goblin Person Supporter

    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

    @drewberinger Moderator

     
  5. Christian Romero

    @iChrisRomero @icandigitpod Supporter

    Please Facebook, don’t ruin Instagram.
     
  6. 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.
     
  7. CyberInferno

    Line below my username Supporter

    That's really interesting. Hopefully the truth comes out and we find out what really happened.
     
  8. 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.
     
  9. 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
     
  10. elphshelf

    I'm not living, I'm just killing time

    That stock is vested fo sho
     
  11. 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.
     
  12. Jonathan

    ¯\_(ツ)_/¯ Verified

    Jason Tate likes this.
  13. 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
     
  14. Jonathan

    ¯\_(ツ)_/¯ Verified