Kevin Systrom and Mike Krieger, who together founded the photo-sharing app Instagram, have resigned and plan to leave the company, now owned by Facebook Inc. , in the coming weeks, the two confirmed in a statement on Monday. “We’re planning on taking some time off to explore our curiosity and creativity again,” said Systrom and Krieger. Social-media giant Facebook [S:FB] has been under pressure for privacy missteps as well as its role in disinformation campaigns related to the 2016 election. In thin premarket trading, Facebook was down nearly 2%
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Latest posts by Market Watch (see all)
- London Markets: London markets falter as investors react to historic Brexit defeat - January 16, 2019
- The Wall Street Journal: American among 15 dead after militants attack upscale hotel in Kenya - January 16, 2019
- FTSE 100 slips after historic Brexit defeat - January 16, 2019