Photo sharing app Instagram’s current top officials Kevin Systrom and Mike Krieger will soon be replaced by Facebook executive Adam Mosseri, as per a recent announcement by the company’s founders. In a blog post, both the outgoing executives expressed their satisfaction on handing the reins to Adam who is a “strong product leader with experience in design and craft, and also understands the importance of community”. Adam Mosseri has been with Facebook since 2008 and held various roles, one of which includes the platform’s social news feeds section. He even reported to Systrom and Kriger in the capacity of Instagram’s product vice president.
Last week, after Facebook reported a data breach that impacted 50 million users, its shares fell by more than 1 percent. Instagram founders, Systrom and Krieger, had sold the firm to FB CEO Mark Zuckerberg for $1 billion in 2012 but remained at the firm’s helm of daily activities. Early this month, they announced plans of leaving the firm to seek new opportunities after handing over the operations to Mosseri. There had been rumors about tensions brimming between the founders and Zuckerberg about the future directions Instagram needs to take but FB’s representatives have not confirmed anything about the same.
The blog run by Instagram’s founders Systrom and Mike Krieger stated that they will remain excited about the apps in future and in forthcoming years.They will be now just two users among its billion users. They expressed confidence in Adam’s leadership and vision stating that under his able guidance, the firm will improve and evolve substantially. They expect the firm to grow along with the community around it; though rumors stated that they left the firm amid tensions with Zuckerberg. Presently, Instagram has 1 billion monthly users while Facebook has twice as much with 2 billion users.