Kevin, Mike Instagram co-founders plans to resign from the company
Instagram co-founders Kevin Systrom and Mike Krieger are leaving the smartphone photo-sharing service bought by Facebook six years ago for a billion dollars, the New York Times reported late Monday citing unnamed sources.
Systrom and Krieger have resigned from their posts as chief executive and chief technology officer respectively, not giving reasons and saying they planned to take time off, according to the Times.
Facebook did not respond to a request for comment.
Instagram has been a hit with young internet users, an audience that Facebook is keen to keep in its fold.
Many see Facebook as being the main vehicle for spreading false information in recent years, and of being used by nefarious interests out to sway the results of the elections such as the one that put President Donald Trump in the White House.
The Cambridge Analytica public relations disaster, in which Facebook admitted that up to 87 million users may have had their data hijacked by the British consultancy firm, came on top of widespread criticism of the social network's propensity to spread and accentuate large amounts of completely false information.
Facebook is facing multiple inquiries from US and British regulators about the Cambridge Analytica user data scandal, and its boss Mark Zuckerberg was grilled by the European Parliament and the US Congress earlier this year.
WhatsApp co-founder Jan Koum earlier this year left Facebook, which bought the smartphone messaging service for $19 billion.
Koum said in a post on his Facebook page that he was taking time off to pursue interests such as collecting air-cooled Porsches, working on cars and playing ultimate Frisbee.
US media reports indicated that a disagreement with Facebook over the privacy of user data may have also been a factor in Koum's decision to quit his position as a high-ranking executive and likely leave his seat on the board at the leading online social network.