0:33
- ABC News
- September 25, 2018
Instagram CEO, co-founder abruptly resign
Instagram CEO Kevin Systrom and Mike Krieger will step down in the coming weeks.
Systrom did not say if he planned to create another app in the near future, but he signaled that he and Krieger could be working together soon.
“We’re planning on taking some time off to explore our curiosity and creativity again,” Systrom said. “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.
“We’re now ready for our next chapter,” he added.
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