Instagram co-founders Kevin Systrom, Mike Krieger reportedly step down

Kevin Systrom and Mike Krieger

Kevin Systrom and Mike Krieger

In a statement, the duo said they would step down to "explore our curiosity again".

They notified the photo-sharing app's leadership team and Facebook on Monday about their decision to leave, according to Instagram. 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.

Instagram founders Mike Krieger (left) and Kevin Systrom have reportedly resigned from the Facebook-owned app.

Systrom wrote in a blog post on Monday that they plan to take some time off and explore "our curiosity and creativity again". The men said they were "ready for the next chapter".

Facebook bought Instagramin 2012 for roughly $1 billion in a combination of cash and stock.

Zuckerberg said that he was looking forward to seeing what the pair did next adding that he had learned a lot from working with them.

Jets reportedly interested in trading for Le'Veon Bell
Based on the franchise tag rules, he can't sign a long-term contract (with the Steelers or another team) until after the season. It sounds like they were gauging the price the Steelers are looking for, which plenty of other teams are surely doing, too.

Kevin Systrom and Mike Krieger, who have been at the company since Instagram's acquisition by Facebook in 2012, were frustrated with an unusual uptick in day-to-day involvement by Zuckerberg, who is now more reliant on Instagram for Facebook's future growth.

WhatsApp chief executive and co-founder Jan Koum said in April he would quit the popular messaging service he co-founded in 2009 and sold to Facebook in 2014.

The photo app's global revenue this year is likely to exceed $8 billion, showed data from advertising consults EMarketer.

An Instagram spokeswoman did not have immediate comment.

Instagram has largely escaped Facebook's high profile problems with privacy, foreign election interference and fake news and has been able to maintain a younger user base than its parent company.

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