Instagram’s Co-Founder Kevin Systrom resigns from Facebook as things weren’t so great there

Instagram’s Co-Founder Kevin Systrom resigns from Facebook as things weren’t so great there

Instagram co-founder and former chief executive Kevin Systrom suggested Monday that things weren’t so great at Facebook Inc.

“No one ever leaves a job because everything’s awesome “

Kevin spoke at an event in San Francisco, and in his first public comments since he and his Instagram partner Mike Krieger unexpectedly resigned from Facebook in September. He said “Think about when you leave anything, there are obviously reasons for leaving,” he told Wired’s Lauren Goode during an interview.

Kevin did not detail why he was leaving but said he had “no hard feelings at all” towards Facebook.

Though Instagram was sought to operate with independence after it was bought by Facebook in 2012 for $1 billion, there were several reports that two co-founders had several fights as Mark Zuckerberg asserted more control over Instagram over the past year.

Instagram has grown ever since Facebook has acquired it and currently has more than 1 billion monthly active users. Instagram had also started selling ads in 2014, and is expected to generate revenue through ads to range between $10 billion and $16 billion in 2018.

Kevin said on Monday that he’s proud of the legacy he’ll leave with Instagram, and said “I don’t have any plans yet, except to hang out for a little while,” he said. “I think I have a few more Instagrams, time-wise, in me. I’m not sure we’ll ever do anything nearly as impactful.”