SAN FRANCISCO, United States — Instagram co-founders Kevin Systrom and Mike Krieger are leaving the smartphone photo-sharing service bought by Facebook six years ago for a billion dollars, the New York Times reported late Monday citing unnamed sources. Instagram in June announced it passed a billion active users, and unveiled a new long-form video feature in a bid to attract "creators" like those on YouTube. Facebook acquired Instagram in April 2012 for a combination of cash and stock worth some $1 billion at the time. Instagram has been a hit with young internet users, an audience that Facebook is keen to keep in its fold. The departures come as Facebook grapples with the worst crisis in its history, vilified for not more zealously guarding information users share at the leading online social network.

Source: Philippine Star September 25, 2018 06:08 UTC