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Instagram is demonstrated on an iPhone Monday, April 9, 2012, in New York. Facebook is spending $1 billion to buy the photo-sharing company Instagram in the social network's largest acquisition ever. Instagram lets people apply filters to photos they snap with their mobile devices and share them with friends and strangers. (AP Photo/Karly Domb Sadof)

Report: Instagram co-founders step down from the company


WASHINGTON (Circa) — Instagram co-founders Kevin Systrom and Mike Krieger are leaving the company in the coming weeks, according to The New York Times.

Systrom and Krieger said they plan on taking a break after leaving the company. There's no word on if the duo will start working on a different app or venture after the break is over.

How They Created - Instagram | Kevin Systrom and Mike Krieger | instagram start up story

The co-founders didn't give any reason for why they are leaving the app, which has now amassed over one billion users. Facebook acquired Instagram in 2012 for $1 billion when the app only had 30 million users.

Systrom is currently the CEO of Instagram while Krieger serves as the chief technology officer at the company. Facebook has been under scrutiny due to the misuse of users' data and the spread of propaganda used to influence the 2016 presidential election.

WhatsApp, another company bought by Facebook, also faces scrutiny after founder Jan Koum left the company due to privacy concerns.

This is a developing story.

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