Listen Now: The End of Instagram May Not Be Far Off
Instagram’s founders are jumping ship and users do not like the news.
Seemingly out of nowhere, Instagram co-founders Kevin Systrom and Mike Krieger gave a short statement announcing their departure from the company.
The two created the photo sharing app back in 2010 and two years later sold it to Facebook for one billion dollars. With the two of them at the helm Instagram has become a powerhouse, with many users preferring it to its parent company. Now those same users fear with Kevin and Mike gone Instagram will start rolling out a lot of the same things people dislike about Facebook.
When Instagram started you would load the app, attach a picture, slap on a filter and share it with your friends public or private. Since then there have been a few additions but nothing like the newsfeed, advertisements and constant updates of Facebook.
And the fear is not being eased by the announcement that the man in charge of the Facebook newsfeed is now head of Instagram’s product.
I wonder if Instagram users will see some strange pictures pop up around election time.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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