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Founders of Instagram say they're leaving Facebook Inc. [Los Angeles Times (CA)]

Facebook, Inc (FB)  More Company Research Source: Los Angeles Times
Last facebook, inc earnings: 10/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
PDF Founders of Instagram say they're leaving Facebook Inc. The founders of Instagram announced in a surprise move Monday they were leaving Facebook Inc. Kevin Systrom and Mike Krieger said they were “ready for their next chapter” and said they were grateful for the six years they spent at Facebook, which acquired the photo sharing app for $1 billion. “We’re planning on taking some time off to explore our curiosity and creativity again,” Systrom, Instagrams’s chief executive, said in a statement . “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.” There were growing tensions between Facebook Chief Executive Mark Zuckerberg and Instagram’s founders about the direction of the app, Bloomberg reported . Their departures mark the latest crisis for Facebook, which has spent the last two years weathering controversies over fake news, foreign meddling and misappropriation of user data. Instagram was fo [Read more]

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