Instagram Co-Founders Resign<br />From Facebook Both Kevin Systrom and Mike Krieger confirmed via Instagram’s blog that they’re leaving the company. Systrom served as the CEO and Krieger as CTO, both founding the <br />company in 2010. Facebook purchased <br />Instagram in 2012 for <br />$1 billion. There was no indication of any issues driving the co-founders out of the company. Kevin Systrom, via ABC News Kevin Systrom, via ABC News Experts are questioning Zuckerberg’s leadership — which may have pushed them to make the decision — and many are speculating what this could mean for the future of Instagram's platform.