Instagram Co-Founders Resign


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Kevin Systrom and Mike Krieger, who co-founded the photo-sharing app Instagram, have resigned.

The duo founded the hugely popular site eight years ago and sold it to Facebook in 2012 for $1 billion.

“We’re planning on taking some time off to explore our curiosity and creativity again,” Systrom wrote in a blog post. “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 two users in a billion. We look forward to watching what these innovative and extraordinary companies do next,” Systrom wrote.

According to Bloomberg, the duos departure is a result of tensions with Facebook CEO Mark Zuckerberg over the direction of Instagram.