Mark Zuckerberg is starting to suck Facebook Inc.’s eponymous product dry as far as rapid growth is concerned. Next target: Instagram.
That might explain the departure of Instagram co-founders Kevin Systrom and Mike Krieger. Six years after Zuckerberg acquired their then 13-person startup for $715 million, the photo-sharing app has become Facebook’s most important source of growth. Zuckerberg has subsequently assumed a more hands-on role, which became a source of tension, according to my Bloomberg News colleague Sarah Frier.