Kevin Systrom and Mike Krieger, the co-founders of photo and video sharing platform Instagram have resigned from their positions. Their reasons for quitting the Facebook-owned company is not known. Systrom was serving as Instagram’s Chief Executive Officer, and Krieger was the Chief Technical Officer of the company. Facebook acquired Instagram for $1 billion (cash and stock) in 2012. At that time, nearly 30 million people were using Instagram and since then, the user number has swelled to a billion by the second quarter of 2018.
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