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Adam Mosseri announced as the new CEO of Instagram

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Adam Mosseri announced as the new CEO of Instagram

Instagram co-founders Kevin Systrom and Mike Krieger who founded the now Facebook-owned photo-sharing social networking platform back in 2010 announced their exit from the company last week and now it’s been made official that Adam Mosseri will be replacing them at the helm.

Adam Mosseri, currently the Vice President of Product, joined the Facebook design team in 2008. Post that, he moved to product management, then News Feed followed by the Instagram gig.

“In his role leading Instagram, Adam will oversee all functions of the business and will recruit a new executive team including a head of engineering, head of product and head of operations,” said Kevin and Mike.

The duo believes that Mosseri is going to hold true to the values of Instagram that have been set up by them and will continue to make the company grow.

Also read: How to check if your Facebook account was affected in the recent breach?

Instagram has witnessed immense growth, both in its size employees as well as users of the platform. Facebook purchased Instagram for $715 million six years ago in 2012.

At the time, Instagram had 13 employees and about 30 million registered users. Fast forward six years later and Instagram has proven itself to be one of the most reliable and significant revenue sources for their parent company — Facebook.

Kevin Systrom and Mike Krieger exited their Instagram jobs because of growing tensions between them and Facebook CEO Mark Zuckerberg, who reportedly has different things in mind regarding where the app is headed.

“We remain excited for the future of Instagram in the coming years as we transition from being leaders at Instagram to being just two users in a billion. We’re confident that under Adam’s leadership, Instagram will evolve and improve and we look forward to the future of the product and community.”

At the time of announcing their resignation, Systrom and Krieger had hinted that they might be pursuing a new disruptive project.

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