Kevin Systrom is leaving Instagram — here's how he sold the app to Facebook for $1 billion and built it into a global phenomenon (FB)
After eight years, the founders of Instagram are leaving the company.
CEO Kevin Systrom and CTO Mike Krieger announced Monday that they are departing the mega-popular photo sharing social network , which was bought by Facebook for $1 billion in 2012. The news came following months of turmoil and scandals for Facebook, and reportedly comes amid tension between the founders and Facebook CEO Mark Zuckerberg.
Still, it's something of a surprise that Systrom and Krieger would leave the app they built from scratch. Instagram grew out of Systrom's love of photography, and has since become one of the most popular social media apps in the world — in fact, Instagram hit 1 billion active users earlier this year.
Here's how Systrom got his start and built Instagram into what it is today.
Systrom was born in Holliston, Massachusetts, a wealthy suburb of Boston. His father worked as a human resources executive, while his mother worked in tech — first at Monster and Swapit, and later at Zipcar.
Source: The Guardian, Fortune
As a teenager, Systrom was obsessed with record collecting and deejaying. While still in high school, he used to have his friends sneak him into clubs in the Boston area to open for established DJs.
Source: Fortune
Systrom applied early decision to Stanford University. He had planned to study computer science, but once he arrived, decided to switch majors to management science and engineering.
Source: Fortune
See the rest of the story at Business Insider
Contributer : Tech Insider https://ift.tt/2xDJ61L
Reviewed by mimisabreena
on
Wednesday, September 26, 2018
Rating:
No comments:
Post a Comment