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NAS:FB, Sep 26, 09:38 UTC

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Instagram Co-Founders Unfriend Facebook

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The founders of Instagram are leaving Facebook Inc. after growing tensions with Chief Executive Officer Mark Zuckerberg over the direction of the photo-sharing app, people familiar with the matter said. ...

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Facebook and Sphero team up to offer coding robots to schools

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Facebook and Sphero team up to offer coding robots to schools. Facebook has announced a new initiative that aims to teach coding skills to more school kids. Targeting primarily underrepresented student groups — such as Black, Latino/Hispanic, Native American and female demographics — CodeFWD will allow teachers to apply for a free set of 15 Sphero Bolt robots upon completion of a series of curricula. After all three steps are finished, educators are eligible to apply for a free Sphero Bolt Power Pack that contains 15 robots and a charging station.

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Into the fold? What's next for Instagram as founders leave

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SAN FRANCISCO (AP) — When Kevin Systrom and Mike Krieger sold Instagram to Facebook in 2012, the photo-sharing startup's fiercely loyal fans worried about what would happen to their beloved app under the social media giant's wings. None of their worst fears materialized. But now that its founders have announced they are leaving in a swirl of well wishes and vague explanations, some of the same worries are bubbling up again — and then some. In July, it unveiled a new metric for analysts, touting that 2.5 billion people use at least one of its apps — Facebook, Instagram, WhatsApp or Messenger — each month. While not particularly revealing, the measurement underscores the growing importance Facebook places on those secondary apps. In a July earnings call, Zuckerberg touted Instagram's success as a function of its integration with Facebook, claiming that it used parent-company infrastructure to grow "more than twice as quickly as it would have on its own." But Instagram has also been a case study in how to run a subsidiary independently — especially when its parent is mired in user-privacy problems and concerns about election interference, fake news and misinformation. And especially when its parent has long stopped being cool, what with everyone and their grandma now on it.

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Instagram’s founders have left. What does that mean for the app’s future?

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In a surprise move, the two founders of Instagram announced on Monday (Sept. 24) that they were stepping down, and leaving Facebook, which bought their photo sharing app in 2012. With Facebook’s aging user base and storm of controversies, Instagram has increasingly been seen as the future of the company. With its two visionaries gone,….

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Sonic and Halliburton rise; Facebook and CenturyLink dip

FB HAL +1 more FB HAL CTL

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday:. The co-founders of Facebook's Instagram unit said they are resigning from the company. Sonic Corp., up $6.85 to $43.46. The drive-in restaurant chain agreed to be bought by the parent of Arby's and Buffalo Wild Wings for $1.57 billion. The communications company said Chief Financial Officer Sunit Patel is taking a job at T-Mobile USA. Ascena Retail Group Inc., up 47 cents to $4.48.

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Instagram Founders' Exit Triggers Concerns on Madison Avenue

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are resigning and leaving the company in the coming weeks, six years after their photo-sharing app was bought by Facebook for $1 billion. The pair had clashed with Facebook executives in recent months over their autonomy and growth tactics, The Wall Street Journal reported. Any sign of instability at Instagram could raise concerns for advertisers, who are spending more dollars to the app as younger audiences migrate there from the original Facebook platform.

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[$$] Facebook's Messing With Instagram Prompted Co-Founders' Departure

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Instagram’s co-founders increasingly clashed with Facebook CEO Mark Zuckerberg over a range of issues, including recent changes to the photo-sharing app that appeared designed to promote Facebook’s growth ...

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Facebook stock can’t keep up with Twitter, and the Instagram news isn’t helping

FB TWTR

Since Facebook first went public in 2012, the stock has rallied more than 300% to reign supreme as the hottest stock in the social-media landscape. At the same time, Twitter has shed a third of its value since its initial trading day while Snap, the youngest of the trio, has had an even rougher showing. But there’s clearly a change afoot in 2018.

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Facebook likely to make Adam Mosseri new Instagram head: report

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The Information reported Tuesday that Facebook Inc. looks likely to make Adam Mosseri the new head of Instagram, following the resignations of cofounders Kevin Systrom and Mike Krieger. The report, which cites multiple anonymous sources, said that Mosseri's promotion is likely to come in the next few days. The Information reported that sources say it's possible but unlikely that Facebook will pick another internal candidate for the position. Facebook shares have pared back most of their losses following the announcement that Systrom and Krieger would be leaving, but analysts have expressed concern about the departures.

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Instagram founders quit amid suspected clash with Zuckerberg

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Kevin Systrom and Mike Krieger did not say why they were leaving their positions as chief executive officer and chief technical officer, respectively, of the photo-sharing service, just that they were leaving to explore their “curiosity and creativity again”. Instagram, which Facebook bought in 2012 for $1bn, has more than a billion active monthly users and has grown by adding features such as messaging and short videos. In a statement on Tuesday, Systrom, CEO of the company, said he and Krieger were grateful for “the last eight years at Instagram and six years with the Facebook team”. Facebook recently disclosed that it had deleted hundreds of pages across Instagram and its main social network linked to global misinformation campaigns intended to disrupt elections. As regulators have pushed Facebook to tackle privacy, social media addiction and fake news, Zuckerberg has come under more pressure to monitor units beyond the core social network. But Facebook is also keen to increase engagement with the core social network, which has seen growth plateau and certain subsets of users become increasingly disenfranchised.

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