Instagram co-founders to exit the company

Instagram co-founders to exit the company

Instagram co-founders Kevin Systrom and Mike Krieger are set to leave the company in a bid to rediscover their creativity.

The duo has already resigned from their posts as chief executive and chief technology officer respectively, and posted a statement explaining their decision on the company website.

The statement by Systrom, read: "Mike and I are grateful for the last eight years at Instagram and six years with the Facebook team. 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. We’re now ready for our next chapter.

"We’re planning on taking some time off to explore our curiosity and creativity again. 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 remain excited for the future of Instagram and Facebook in the coming years as we transition from leaders to two users in a billion. We look forward to watching what these innovative and extraordinary companies do next."

Instagram was bought by Facebook in a $1bn deal in April 2012.

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