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Instagram’s Co-Founders Said to Step Down from Company

nytimes.com

11–20 of 231 posts

Re: Instagram’s Co-Founders Said to Step Down from Company

#11
post #5

Instagram often seemed to have its own way of doing things and its own aesthetic within Facebook, one that the founders championed. Recently, however, the winning strategy for Instagram seems to be copying features from Snapchat, and abandoning the style that got it to its first 100 million users. I can imagine that being frustrating.

Instagram hasn't copied from Snapchat in a very long time. Have you used Snapchat recently? The UX is completely different and awful now. Instagram is innovating with new features like Video Calling and Live Video that Snapchat lacks.

Instagram Stories felt like a very obvious copy of Snapchat, and it wasn't that long ago.

Re: Instagram’s Co-Founders Said to Step Down from Company

#12
post #8

I'd venture that they're extremely wealthy, still friends, and decided it's time to go have fun rather than prescribe this to Facebook's ethical challenges like the article would have you believe.

Why would you guess that when a FB spokesperson doesn’t have a prepared comment about this massive change in leadership?

How many pre-announcements must a person make before they are sufficiently prepared for an actual announcement? This is already a pre-announcement of the announcement of the resignation, because this info is leaked from within Instagram

Re: Instagram’s Co-Founders Said to Step Down from Company

#13
post #4

As a non VC, non founder, the only surprise to me is that anyone stays beyond contracted minima. The first, assuming you had taken a role as a VC, you'd want out to go do the VC thing somewhere else. The second, you would be watching your baby pimped out and sold for drugs on the streets, as things you had no desire to see were done, in the name of profit.

1. They probably had some sort of golden handcuffs with FB, a vesting period?

2. How often do you get to experience the thrill of leading one of the fastest growing and most popular apps of all time? That's a lot of power and prestige, you're basically a real world rockstar. Why leave while the missile is still going upwards to space at full speed, even just for the experience? It's an exhilarating ride, I'm sure, and when it gets too stuffy because FB is trying to milk it for every cent, you can bail and find something else fun to do.

Re: Instagram’s Co-Founders Said to Step Down from Company

#14
post #7

My first reaction was the parallel to Jan Koum's unexpected exit over Facebook's ethics; good to see the article ends with that story. After Google's recent Dragonfly resignations, this might be the new standard for tech companies.

> this might be the new standard for tech companies. Unfortunately, I believe this is just hopeful ambition that won’t become a reality. The majority of folks I meet in tech tend to be a paycheck or two away from financial catastrophe and generally shy away from rocking the boat. A small percentage have their house in order, and those are the folks that have the luxury to resign so quickly when they have moral/ethica…

The popularity of finance/banking declined after the financial crisis. It might not make a difference for people already in, but it definitely impacts recruitment for new grads.

Re: Instagram’s Co-Founders Said to Step Down from Company

#15
post #4

As a non VC, non founder, the only surprise to me is that anyone stays beyond contracted minima. The first, assuming you had taken a role as a VC, you'd want out to go do the VC thing somewhere else. The second, you would be watching your baby pimped out and sold for drugs on the streets, as things you had no desire to see were done, in the name of profit.

Or #3, they saw their baby get better and better, while remaining independent and equipped with 1000x more resources to do what they want, on top of getting a nice job and being paid.

Re: Instagram’s Co-Founders Said to Step Down from Company

#16
post #9
post #7

Earlier quoted context omitted.

> this might be the new standard for tech companies. Unfortunately, I believe this is just hopeful ambition that won’t become a reality. The majority of folks I meet in tech tend to be a paycheck or two away from financial catastrophe and generally shy away from rocking the boat. A small percentage have their house in order, and those are the folks that have the luxury to resign so quickly when they have moral/ethica…

I was shocked to discover that many people making salaries amongst the highest percentile in the world are indeed a few months without paychecks away from being in an unpleasant financial situation. I’m not too sure what the overarching reasons for that are, but my guess is that lifestyle inflation is very real, financial education isn’t very common, and many people focus on the wrong abstractions (ie decision making…

When you have 1.5 - 2M mortgage which is super common among my friends in CA, a few months without paychecks is totally unacceptable.

Re: Instagram’s Co-Founders Said to Step Down from Company

#17
post #4

As a non VC, non founder, the only surprise to me is that anyone stays beyond contracted minima. The first, assuming you had taken a role as a VC, you'd want out to go do the VC thing somewhere else. The second, you would be watching your baby pimped out and sold for drugs on the streets, as things you had no desire to see were done, in the name of profit.

1. They probably had some sort of golden handcuffs with FB, a vesting period? 2. How often do you get to experience the thrill of leading one of the fastest growing and most popular apps of all time? That's a lot of power and prestige, you're basically a real world rockstar. Why leave while the missile is still going upwards to space at full speed, even just for the experience? It's an exhilarating ride, I'm sure, an…

I think you have to step back and wonder what "growth at all cost" can turn into. Multiple research studies have confirmed Instagram, relative to other social media apps, has basically been engineered to maximize FOMO and is making people more depressed, isolated, feeling "not good enough", and in a constant cycle of comparison with others.

When you create an app that is as consequential as Instagram is on society/culture/media I think any smart person would have to step back and have that "what have I created" moment.

I have no clue why they are both leaving at the same time but I would imagine a health dose of reflection is in both of their futures.

Re: Instagram’s Co-Founders Said to Step Down from Company

#18
post #5

Instagram often seemed to have its own way of doing things and its own aesthetic within Facebook, one that the founders championed. Recently, however, the winning strategy for Instagram seems to be copying features from Snapchat, and abandoning the style that got it to its first 100 million users. I can imagine that being frustrating.

Instagram hasn't copied from Snapchat in a very long time. Have you used Snapchat recently? The UX is completely different and awful now. Instagram is innovating with new features like Video Calling and Live Video that Snapchat lacks.

Snapchat has had video calling for a lot longer than IG.

Re: Instagram’s Co-Founders Said to Step Down from Company

#19
post #5

Instagram often seemed to have its own way of doing things and its own aesthetic within Facebook, one that the founders championed. Recently, however, the winning strategy for Instagram seems to be copying features from Snapchat, and abandoning the style that got it to its first 100 million users. I can imagine that being frustrating.

Instagram hasn't copied from Snapchat in a very long time. Have you used Snapchat recently? The UX is completely different and awful now. Instagram is innovating with new features like Video Calling and Live Video that Snapchat lacks.

Snapchat had video calling for a long time and live video is straight from Music.ly and Twitter.

Re: Instagram’s Co-Founders Said to Step Down from Company

#20
I wonder what's Facebook's move after Instagram becomes stale and no longer "cool". It seems to me that the popularity of social networks are cyclical, and there's very little that a company can do to satiate a user's appetite for something new. That's before we discuss future regulatory troubles Facebook might face.

What future revenue streams does Facebook have? Are they even capable of creating something new that users love? As far as I can tell, they haven't created any popular products outside of Facebook version 1.0.

Out of all the major tech companies, Facebook's position seems the least stable IMO.

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