Instagram’s co-founders officially resign and leave Facebook

Instagram co-founders Kevin Systrom and Mike Krieger have announced their resignation from Facebook.

In a statement released on Instagram’s blog, Systrom said that both he and Krieger “remain excited for the future of Instagram and Facebook in the coming years as we transition from leaders to two users in a billion”.

Facebook bought Instagram back in 2012 and has since exercised its control over the popular app.

Now with its original creators leaving the platform, many fear for what Instagram might become. After the announcement, Facebook’s share priced dropped by 2%. A seemingly small number, but an indication to what investors might be feeling towards the company as it continues to suffer at the hand of many internal controversies.

Though Systrom and Krieger have not mentioned their reasons for the departure, they did say that they wish to exercise their “curiosity and creativity” once more.

“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,” Systrom concluded.

Feature image: Instagram