Instagram co-founders Systrom and Krieger leaving firm

Instagram co-founder Kevin Systrom speaks in New York City (October 12, 2017 ) Instagram co-founders Systrom and Krieger leaving firm Instagram co-founders Systrom and Krieger leaving firm 39ae486db6Image copyrightGetty Images

Instagram’s chief executive Kevin Systrom has said he and co-founder Mike Krieger are leaving the firm.

Mr Systrom, who heads the popular photo-sharing app launched in 2010, said they were taking some time off to “explore our curiosity and creativity”.

Instagram, which was purchased by Facebook in 2012 for $1bn (£76m), now has more than 1 billion users.

The departure comes amid reports of tension between Instagrams’ co-founders and Facebook’s leadership.

“We’re now ready for our next chapter,” Mr Systrom 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.”

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.

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