Facebook Stock Price: Shares Drop After Instagram Co-Founders Depart Company

Careless Facebook loses friends who influence people | Business

In April, the founders of WhatsApp, the global messaging platform Facebook bought for $22 billion in 2014, resigned, leaving $1.3 billion on the table, according to The Wall Street Journal. Systrom posted the first photo on Instagram on July 16, 2010, and the IOS app of Instagram was released on October 6, 2010, through the App Store. Until now, Instagram has been widely lauded for the slow roll-out of ads since 2013, focusing on ads from lifestyle brands that seem relevant and visually compelling for their targeted users. Not only did Instagram reach 1 billion users faster than its parent company, it also succeeded in cloning Snapchat's popular "Stories" feature, dealing a serious blow to that social network upstart and succeeding where Facebook's own attempts had repeatedly failed. The New York Times, The Information, and Cheddar's Alex Heath have all tipped Mosseri, who has worked at Facebook for more than 10 years, as the man to beat.

According to reports, Systrom's influence within the Facebook hierarchy had declined over time and he didn't agree with some of the decisions being imposed on Instagram such as the number of ads on the platform.

In Addition to this, Facebook is facing repeated criticisms due to its handling of user data, the spreading and prevalence of fake and false news other extreme materials.

This year, Mr Zuckerberg started mentioning Instagram more frequently on the company's earnings calls, touting the app's rise to more than one billion users as a testament to how effectively the acquisition was integrated within Facebook.

Facebook chief executive Mark Zuckerberg said in a statement that Instagram reflected the Instagram founders' "combined creative talents". Earlier this year, Menlo Park, California-based Facebook began testing a way to show notifications for its social network within Instagram.

"The challenge with Instagram has always been balancing its strong desire for independence, with the need to make Instagram a part of the Facebook machine", said eMarketer analyst Debra Aho Williamson.

Careless Facebook loses friends who influence people | Business
Instagram Founders Leaves Facebook; Tensions With Facebook CEO Rumored As Reason

"Mike and I are grateful for the past eight years, Instagram, and six years in Facebook".

The founders' departures cap a string of executive moves at the photo-sharing app, and at Facebook more broadly.

The co-founders of Instagram are resigning from their posts.

Such initiatives would certainly appease Facebook (FB) management and shareholders, but whether the current experience Instagram users now enjoy remains intact remains to be seen. Meanwhile, Facebook removed some of the links to download Instagram from the Facebook app, people familiar with the matter said.

Recently, Instagram has been on a roll. Again, the time lag does not project, "We got this."But the blow to Facebook is far more than optics". Whatsapp co-founder, Brian Action also tweeted about Facebook, where he used hashtag #DeleteFacebook.

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