Facebook’s stock value fell by more than two percent after two Instagram co-founders resigned, UNN reports quoting Reuters.
"Facebook’s stock value fell by more than two percent on Tuesday trading after two founders of Instagram left the social media giant without explaining the reasons", the agency said.
As UNN reported, Instagram co-founders Kevin Systrom and Mike Krieger announced their resignation from the company in the next weeks, The New York Times reported with reference to sources. According to the publication, Systrom and Krieger, who worked together on creating social media since 2010, do not specify the reasons for their resignation. Kevin Systrom was the Chief Executive Officer, and Mike Krieger was the Chief Technical Officer.
