On Monday, Facebook Inc’s Instagram appointed Adam Mosseri as a new head of the photo-sharing app, a week after its former founder resigned. Mosseri was officially associated with Instagram from a long time back.
Mosseri, who enrolled on Facebook in 2008, was the latest Instagram’s vice president. Earlier he used to manage Facebook’s news feed and spent a decade working closely with Facebook’s Chief Executive Officer Mark Zuckerberg.
In a blog post, the company’ stated, Mosseri will supervise all functions of the business and will recruit a new executive lineup.
The reason behind the resignation of co-founders Kevin Systrom and Mike Krieger as a chief executive officer is still unclear. They have given a scant explanation regarding the move.
Their leaving from Instagram, Facebook’s fastest-growing revenue generator, followed the departure of Jan Koum, co-founder of Facebook-owned messaging app WhatsApp.
Systrom and Krieger resigned because they want to explore their curiosity and creativity again, reports Reuters.
Shares of Facebook were down 1.3 percent at $162.35.
Also read, the recent attack on Instagram
Just recently, some of the Instagrammer who falls in the prominent class lost access to their accounts in the current wave of attacks. The report says the hacker asked for a ransom in Bitcoins to release the Instagram accounts. The pirates have targeted only to the profiles that have numbers of followers and credible social influence; those accounts allegedly belong to high profile users.
It has been found that the hackers had sent a message to the targeted user demanding a ransom to release the account possession. Otherwise, they threaten to remove the account. The copy of the letter that the victim received is mentioned below:
Motherboard- a Canadian-American print magazine informed that till now Instagram hadn’t played any significant role to help the victims for recovering their accounts