The co-founders of the photo-sharing app Instagram, Kevin Systrom and Mike Krieger have reportedly stepped down and now have plans to leave the company in coming weeks.
This move is possible to add to the challenges faced by Instagram’s parent company, Facebook. The two co-founders did not give a reason for their departure, however, stated that they planned to take time off after leaving Instagram.
Systrom and Krieger have been in contact with each other since 2010 when they met and transformed a software project built by Systrom into what gradually turned out into Instagram. At present, the Facebook-owned app has more than 1 billion users.
Instagram has been one of the most important acquisitions of Facebook. The social media company took over Instagram in 2012 for $1 billion, when the photo-sharing platform was used by around 30 million people.
Since the acquisition, Instagram’s reach has increased highly and it has widely been seen as one of the most successful acquisitions of the company. But now, Facebook seems to have lost other founders of businesses it has acquired.