Instagram’s Co-Founders to Step Down From Company [The New York Times]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: The New York Times
“We’re planning on taking some time off to explore our curiosity and creativity again,” Mr. Systrom said. “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.” Mark Zuckerberg, Facebook’s chief executive, praised the Instagram founders in a statement and said that he wished them “all the best and I’m looking forward to seeing what they build next.” The departures raise questions about Instagram’s future at a time when Facebook faces its most sustained set of crises in its 14-year history. For much of the past two years, critics have railed against Facebook for being careless with user data and for not preventing foreign interference across its network of more than two billion people. The issues have started taking a toll on Facebook’s business, with the company saying in July that growth in digital advertising sales and in the number of its users had slowed down. Against those
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