Instagram CEO, co-founder abruptly resign to ‘explore curiosity and creativity again’

Instagram’s co-founders announced their resignations on Monday, but the creative duo hinted about a possible collaboration in the near future.

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Instagram CEO Kevin Systrom and co-founder Mike Krieger will step down from the company they founded eight years ago to “explore curiosity and creativity again,” according to a statement.

“Mike and I are grateful for the last eight years at Instagram and six years with the Facebook team,” Systrom said. “We’ve grown from 13 people to over a thousand with offices around the world, all while building products used and loved by a community of over one billion.”

The Associated Press
FILE – In this April 7, 2011, file photo, CEO Kevin Systrom, at left, chats with engineers Shayne Sweeney, center, and Mike Krieger at Instagram in San Francisco. In a statement late Monday, Sept. 24, 2018, Systrom said in a statement that he and Kri
In this Tuesday, June 19, 2018, file photo, Kevin Systrom, CEO and co-founder of Instagram, prepares for an announcement about IGTV in San Francisco. The Associated Press
In this Tuesday, June 19, 2018, file photo, Kevin Systrom, CEO and co-founder of Instagram, prepares for an announcement about IGTV in San Francisco.

They expect to depart within the next few weeks, according to the statement.

There was no explanation for the sudden departure and Facebook, which acquired the photo-sharing app for $1 billion in 2012, said it wished them well.

“Kevin and Mike are extraordinary product leaders and Instagram reflects their combined creative talents,” Facebook CEO Mark Zuckerberg. “I’ve learned a lot working with them for the past six years and have really enjoyed it. I wish them all the best and I’m looking forward to seeing what they build next.”

Systrom did not say if he planned to create another app in the near future, but he signaled that he and Krieger could be working together soon.

“We’re planning on taking some time off to explore our curiosity and creativity again,” Systrom said. “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’re now ready for our next chapter,” he added.

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