Instagram’s CEO

Ben Thompson has the take of the day on Instagram, in the wake of last night’s news that co-founders Kevin Systrom and Mike Krieger are leaving:

Controlling one’s own destiny, though, takes more than product or popularity. It takes money, which is to say it takes building a company, working business model and all. That is why I mark April 9, 2012, as the day yesterday became inevitable. Letting Facebook build the business may have made Systrom and Krieger rich and freed them to focus on product, but it made Zuckerberg the true CEO, and always, inevitably, CEOs call the shots.

See also: Similar thoughts from Om Malik.

★ Tuesday, 25 September 2018