I have to say, Kevin is one of a handful of entrepreneurs I respect most and I've wondered how he was handling some of Facebook's privacy awfulness and the reorgs recently that put him under someone a couple of levels down from Zuckerberg.
I've always wanted to show him Cake and ask what he thinks. I've dreamed of having him as advisor.
Before I comment more, though, I'm absorbing what is being written. This is pretty shocking.
The people who leaked the news to the New York Times apparently also said:
Instagram co-founders Kevin Systrom and Mike Krieger are resigning from the company they built amid frustration and agitation with Facebook CEO Mark Zuckerberg’s increased meddling and control over Instagram, according to sources.
The duo, who founded Instagram 2010 and sold it to Facebook in 2012 for $1 billion, told Facebook executives today that they were leaving the company, according to The New York Times. The co-founders have disagreed with Zuckerberg on a handful of recent product changes, including changes to comments and how posts are shared between the two networks.
I'm not surprised at this and it sounds right based on the few people I know inside the company. What I don't know is why the two founders were down the org chart and not on the board. It could be that they didn't want to be, who knows, or that Facebook didn't value them that highly.
Why is this shocking?
Good question! There are some companies like Amazon where people above a certain level rarely leave, even the founders/CEOs of the companies they acquire stick around.
Until this year, the perception was Facebook was one of those golden companies that could attract any star like Cheryl Sandberg and keep her for a decade or more. The two Instagram founders were on top of the star list and had continuously talked about how happy they were, and how they could not have enjoyed the level of success they have without the acquisition.
Far as I know, Zuckerberg has always been rated incredibly high on Glassdoor by Facebook employees.
This is the best story I've read about it so far. Basically, growth at all costs.
The information added some stuff insiders have apparently said:
People close to Facebook said it started to become more apparent that Messrs. Systrom and Krieger would leave after Mr. Zuckerberg promoted Mr. Cox in May to oversee all of Facebook's apps, including WhatsApp and Instagram. Around that time, Mr. Systrom expressed frustration, but he decided to stay on through the transition, people familiar with the matter said. As part of the shuffle, Mr. Zuckerberg asked Mr. Mosseri to join Instagram as its vice president of product with an eye toward one day running the team.
While Mr. Systrom and Mr. Zuckerberg had historically gotten along, their approaches to defining the direction of products were vastly different, two people familiar with the matter said. Mr. Zuckerberg’s approach is more analytical, while the Instagram co-founders managed more on feeling and emotion, one of these people said.
The departures of the two Instagram founders are the most recent illustrations of a high-level exodus at Facebook over the last few months. The list of executive who have left or plan to include head of business partnerships Dan Rose; head of product communications Rachel Whetstone; chief marketing officer Gary Briggs; vice president of communications and public policy Elliot Schrage; general counsel Colin Stretch; WhatsApp co-founder Jan Koum; and chief security officer Alex Stamos.
Recode usually has the inside scoop.
Yes, I'm obsessed with this. So many questions about privacy, product design, business practices. So fascinating to see how Facebook thinks: