Instagram co-founders to step down from Facebook

September 25, 2018 12:53

The two co-founders of Facebook Inc.'s popular Instagram app are stepping down, a move marking continued tumult at the social-networking giant. The co-founders -- Kevin Systrom, Instagram's chief executive, and Mike Krieger, chief technology officer -- clashed with Facebook executives over the extent of Instagram's autonomy in recent months, according to people familiar with the matter.

Earlier this year, Chief Executive Mark Zuckerberg shifted a senior Facebook executive, Adam Mosseri, over to Instagram in anticipation that the founders might leave, one of the people said. Read the report here.

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