Just a week after the co-founders of Instagram, Kevin Systrom and Mike Kreiger resigned as CEO and CTO, Facebook announced Adam Mosseri as the new head of the photo-sharing app. Adam will now oversee all domains of the business and hire a new executive team in time to come. Adam has just completed 10 years of working stint with Facebook and has worked closely with Mark Zuckerberg.
The Statement by Kevin and Mike
“We are thrilled to hand over the reins to a product leader with a strong design background and a focus on craft and simplicity – as well as a deep understanding of the importance of community. These are the values and principles that have been essential to us at Instagram since the day we started, and we’re excited for Adam to carry them forward,” Systrom and Krieger said via a blog statement
“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.”
The last position held by Adam’s was that of the Vice President of Instagram and thus this seems like a viable move for Facebook to place him further high up in the ladder
“To us, the most important thing is keeping our community – all of you – front and center in all that Instagram does. We believe that Adam will hold true to these values and that Instagram will continue to thrive,” Systrom and Krieger further said reiterating that Instagram will continue to put its users first.
Kevin and Mike
Kevin and Mike are currently taking time off to decide which direction they will drive with the potential creativity again. The reasons for their quitting could be stated as many and one of them is the fast growth of Instagram and Zuckerberg eyeing to leverage the potential of this photo-sharing app. As over a period of time, Instagram has become more than photo sharing. It has now slowly evolved into a small storytelling platform and the influencer segment, in particular, is using it to its core. As of now, Instagram is Facebook’s fastest growing revenue generator.
Time will tell, how Adam’s administration will make or break Instagram and how its untapped potential would be further used in order to benefit Facebook.