A co-founder of the virtual reality division of Facebook joins the exodus of executives to leave the company after surprising her with the lucrative sales of their new companies.
Oculus co-founder Brendan Iribe revealed his decision to leave Facebook in a tweet published on Monday, two and a half years after Facebook broke away from the other Oculus co-founder, Palmer Luckey.
The move came after internal jolts in the company's virtual reality arm last week, which saw the cancellation of the virtual reality headsets for PC & Rift 2 & # 39; Next generation of the company, of which he had been leading the development, according to a source close to the matter. TechCrunch.
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Oculus co-founder Brendan Iribe revealed his decision to leave Facebook in a tweet, the last of a series of founders who left
THE FOUNDER OF FACEBOOK EXODUS
His departure comes 2.5 years after Facebook parted company with Palmer Luckey, another founder of Oculus.
In April, Jan Koum, CEO of WhatsApp, left Facebook four years after selling the messaging application.
Last month, Instagram CEO Kevin Systrom and co-founder Mike Krieger also resigned.
Iribe and the Facebook executive team had "fundamentally different views on the future of Oculus that deepened over time," and Iribe was not interested in a "race to the bottom" in terms of performance, the site said.
Both Iribe and Luckey joined Facebook in 2014 after selling Oculus to the company for $ 2 billion.
Palmer left after a series of legal problems and problems, and was also criticized for a $ 10,000 donation to a pro-Donald Trump group called Nimble America, which created offensive memes online during the 2016 election season.
Iribe had been CEO of Oculus until 2016, when he switched to a lower ranking position in the virtual reality division.
Facebook says he is grateful for the leadership and dedication of Iribe.
In April, WhatsApp CEO Jan Koum left Facebook four years after selling the messaging application and last month, Instagram CEO Kevin Systrom and co-founder Mike Krieger launched.
Kevin Systrom, the co-founder of Instagram, has spoken of his departure for the company for the first time since resigning.
Three weeks after he and his Instagram co-founder, Mike Krieger, abruptly left the Facebook company, amid rumors that it was due to a fight with Mark Zuckerberg, he said: "You do not leave a job because everything is incredible."
Speaking at the Wired25 summit in San Francisco, Systrom eluded questions about his relationship with Facebook founder Mark Zuckerberg, claiming he wanted the firm's best.
& # 39; There are no hard feelings at all. I want this thing to be successful, "he said.
Brendan Iribe, CEO of Oculus, presented the Oculus Rift headset at an event in San Francisco
Systrom had been with the company for eight years when he resigned, and admits he wanted to do more.
& # 39; That [Instagram] "He did not feel done by any stretch of the imagination," he said. "But it felt like it was in orbit."
Anna Wintour, Serena Williams and Kevin Systrom attend the VIP Dinner for the 25th anniversary of WIRED, presented by Nicholas Thompson and Anna Wintour in Tartine: Speaking at the Wired25 summit in San Francisco, Systrom eluded questions about his relationship with the founder of Facebook Mark Zuckerberg, claiming that he wanted the signature well
WHY KEVIN SYSTROM QUIT INSTAGRAM?
Instagram co-founder Kevin Systrom and Mike Krieger frequently clashed with CEO Mark Zuckerberg over a range of issues, including the extent to which they could chart their own course, according to the Wall Street Journal.
The co-founders also thought they were upset by the adjustments to the photo-sharing application that seemed designed to promote Facebook's growth at the expense of Instagram, some of the people said.
Many have also blamed the & # 39; complex of God & # 39; Mark Zuckerberg, saying that while the application was supposedly independent, there was only one CEO & # 39;
Systrom said: "I have no plan yet, except to stay a while," and he said he had been taking flight classes and that he has just made his first solo flight.
He also said that he had spent time with his nine-month-old daughter.
Systrom also spoke about the vast power of the giants of technology that is now managed, with applications capable of reaching billions in an instant.
"We are learning what it means to have that responsibility as an industry," he said.
However, he believes that there is a solution.
"It's much simpler than we all understand, if we focus on humans and the problems they have."
A week after System left, Facebook named Adam Mosseri, a 10-year veteran of the company and a member of Mark Zuckerberg's "inner circle", as Instagram CEO.
The appointment occurs after the co-founders of the photo sharing application resigned without giving a clear reason.
Kevin Systrom, CEO of Instagram, and Mike Krieger, his other co-founder, announced the appointment of Mosserer on Monday in the company's blog in an uncomfortable post.
"We are delighted to hand over the reins to a product leader with a strong background in design and a focus on craftsmanship and simplicity, as well as a deep understanding of the importance of the community," the two wrote.
Many have also blamed the & # 39; complex of God & # 39; of Mark Zuckerberg by Instagram co-founders who resigned, saying that although the application was supposedly independent, there was only one CEO & # 39;
Mosseri was named Instagram product manager in May and said on Twitter he was "humiliated and excited about the new role."
He started as a designer on Facebook and most recently directed his news service.
The founders tried to reassure users that Mosseri "will stay true" to the values and the Instagram community.
Some users have been concerned since the unexpected departure last week that Instagram will become more like its parent company, will saturate functions and absorb personal data.
"Since we announced our departure, many people have asked us what we expect from the future of Instagram," said the couple.
& # 39; For us, the most important thing is to keep our community, all of you, front and center in everything that Instagram does.
"We believe that Adam will stay true to these values and that Instagram will continue to thrive."
Kevin Systrom, CEO and co-founder of Instagram, is preparing for an announcement about IGTV in San Francisco. In a statement late on Monday, September 24, 2018, Systrom said in a statement that he and Mike Krieger, Instagram's technical director, plan to leave the company in the coming weeks and take time to explore our curiosity and creativity again. .
"We continue to be excited about the future of Instagram in the next few years, since we went from being leaders in Instagram to only two users in a billion.
"We are confident that under Adam's leadership, Instagram will evolve and improve and we look forward to the future of the product and the community."
When Kevin Systrom and Mike Krieger sold Instagram to Facebook in 2012, the fiercely loyal fans of the startup that shared photos worried about what would happen to their beloved application under the wings of the social media giant.
None of his worst fears materialized. But now that its founders have announced that they are leaving in a whirlwind of good wishes and vague explanations, some of the same concerns re-emerge, and then others.
Will Instagram disappear? Is it full of announcements and status updates? Do you absorb personal data by publicity in the way that your father does? Losing your cold?
Worst of all: Will it become another Facebook?
"It's probably a bigger challenge (for Facebook) than most people realize," said Omar Akhtar, an analyst at the technology research firm Altimeter.
The appointment comes after the co-founders of the photo sharing application resigned last week without giving a clear reason. Photo, from left to right: Instagram co-founder Mike Krieger, new Instagram boss Adam Mosseri, Instagram co-founder Kevin Systrom.
& # 39; Instagram is the only platform that is growing. And a lot of people did not necessarily make the connection between Instagram and Facebook. "
Instagram had only 31 million users when Facebook adjusted it for a billion dollars; Now he has a trillion.
I did not have ads back then; now it has ads both on screen and in video, although they are still restricted compared to Facebook.
But that could change quickly. Facebook's growth has begun to decline, and Wall Street has been pressuring the company to find new ways to increase revenue.
Instagram has been a main focus of those efforts.
Facebook has been raising the Instagram profile in its financial discussions. In July, it revealed a new metric for analysts, which promotes that 2.5 billion people use at least one of its applications: Facebook, Instagram, WhatsApp or Messenger every month.
While not particularly revealing, the measurement underscores the growing importance that Facebook places on those secondary applications.
In this file photo of April 7, 2011, CEO Kevin Systrom, left, talks to engineers Shayne Sweeney, center, and Mike Krieger on Instagram in San Francisco
Facebook does not reveal how much money gets Instagram, although Wedbush analyst, Michael Pachter, estimated that this year will be around 6,000 million dollars, or a little more than 10 percent of the expected general income of Facebook of about 55,700 million dollars .
Facebook CEO Mark Zuckerberg has long seen the promise of Instagram. At the time, it was by far the largest acquisition of Facebook (although it was dwarfed by the $ 19 billion Zuckerberg paid for WhatsApp two years later). And it was the first startup allowed to operate mostly independently.
That has paid off in a big way. Instagram not only reached a billion users faster than its parent company, it also managed to clone a popular Snapchat feature, dealing a severe blow to the social network and success where Facebook's own attempts had repeatedly failed.
Instagram also pioneered a long-form video feature to challenge YouTube, another great Facebook rival.
Recently, Instagram has been in a roll.
In June, Systrom traveled to New York to mark the opening of his new office there, complete with an ice cream bar and plan to hire hundreds of engineers.
Only a month earlier, Instagram had moved to new offices in San Francisco. In a July results meeting, Zuckerberg promoted Instagram's success as a function of its integration with Facebook, stating that it used the parent company's infrastructure to grow "more than twice as fast as it would have on its own."
But Instagram has also been a case study on how to run a subsidiary independently, especially when its parent is stuck in the user's privacy issues and concerns about election interference, false news and misinformation. And especially when his father stopped being cool, now with everyone and his grandmother.
The simple design of Instagram, just a collection of photos and videos of sunsets, distant vacations, intimate breakfasts and close-ups of babies, has allowed it to remain a favorite long after it became part of Facebook.
If people go to Twitter to discuss current events and Facebook to see what their old classmates are doing, Instagram is where they relax, move and delight with their eyes.
Kevin Systrom (right) and Instagram co-founder Mike Krieger (left) retired from their leading roles on the social network on Monday.
So, will that change?
"I do not think Zuckerberg is stupid," Akhtar said.
"He knows that a big part of Instagram's popularity is that it's separate from Facebook."
As such, he thinks that Facebook would be prudent to assure users that what they like about Instagram will not change, that they will not be forced to integrate with Facebook. "That is going to go a long way," he said.
Internally, the challenge is a bit more complicated. While Systrom and Krieger did not say why they are leaving, their decision reflects the recent departure of WhatsApp co-founder and CEO Jan Koum, who resigned in April.
Koum had pointed out years ago that he would take a stand if Facebook's effort to increase profits ran the risk of compromising core elements of the WhatsApp messaging service, such as his dedication to user privacy. When Facebook began to push harder to get more revenue and more integration with WhatsApp, Koum pulled the cord.
A sign that additional integration may be in the future of Instagram: Zuckerberg sent in May the Facebook executive Adam Mosseri to run the operation of the Instagram product.
Mosseri replaced veteran Instagrammer Kevin Weil, who returned to the mother ship of Facebook.
Systrom mentioned Sandberg and Zuckerberg in a thank-you statement sent to Instagram (pictured)
That probably did not sit well with the founders of Instagram, said Akhtar and other analysts. Now that they have also left, Mosseri is the most obvious candidate to direct Instagram.
"Kevin Systrom's supporters will probably leave," Akhtar said.
Which means that Facebook will soon have a new challenge in its hands: discover how to maintain the growth of Instagram if it loses the factor of coldness that has reinforced it for so long.