Instagram names Adam Mosseri as new head
NEW YORK: Facebook Inc´s Instagram on Monday announced that long-term insider Adam Mosseri will take over as the new head of the photo-sharing app, a week after its co-founders resigned.Mosseri, who joined Facebook in 2008, was most recently Instagram´s vice president of product. He had previously overseen Facebook´s news feed and spent a decade working closely with Facebook´s Chief Executive Officer Mark Zuckerberg. Mosseri will oversee all functions of the business and will recruit a new executive team. Co-founders Kevin Systrom and Mike Krieger resigned as chief executive officer and chief technical officer of Instagram last week giving scant explanation for the move.Their departure from Instagram, Facebook´s fastest-growing revenue generator, followed the exit of Jan Koum, co-founder of Facebook-owned messaging app WhatsApp.Last week, Systrom and Krieger said they planned to take time off and explore their "curiosity and creativity again".Shares of Facebook were down 1.3 percent at $162.35.
from The News International - Business https://ift.tt/2Qkedq7
from The News International - Business https://ift.tt/2Qkedq7
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