What will be the next Instagram?

We might find out soon as Instagram's two co-founders call it quits.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

a woman

Instagram co-founders Kevin Systrom and Mike Krieger have resigned from their roles as CEO and CTO at the photo-sharing app, according to The New York Times.

But the entrepreneurial pair have hinted they will start something new, according to the article, saying they were ready for their "next chapter" – with tech-minded folk the world over abuzz with wonder as to what that next chapter might be.

It's anyone's guess, but chances are, it'll be worth billions.

With rumours flying Systrom and Krieger's departure is due to challenges with Instagram's parent company, Facebook, and their well-known expertise in building addictive software, who knows if their future projects will be in direct competition with the social media platform that rules our lives.

We can only hope.

Facebook bought out Instagram for US$1 billion back in 2012 and there are now more than a billion users on the platform.

Facebook is traded on the NASDAQ and logged revenue of $40.63 billion in 2017.

Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends Facebook. The Motley Fool Australia has recommended Facebook. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

Cheerful businessman with a mining hat on the table sitting back with his arms behind his head while looking at his laptop's screen.
Share Market News

Northern Star Resources to join S&P/ASX 20 in March 2026 index shake-up

Northern Star Resources will be added to the S&P/ASX 20 on March 23, 2026, increasing its profile among ASX blue…

Read more »

An older man wearing a helmet is set to ride his motorbike into the sunset, making the most of his retirement.
Share Market News

Here is the average Australian superannuation balance at age 67 in 2026

Are you on track for a comfortable retirement? Let's look at the numbers.

Read more »

Australian notes and coins symbolising dividends.
Dividend Investing

A once-in-a-lifetime opportunity to snap up this 10.75% ASX dividend yield?

This company combines a huge yield with many other positive attributes.

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a horrid end to the trading week.

Read more »

A man looking at his laptop and thinking.
Broker Notes

Buy, hold, sell: Guzman Y Gomez, Lovisa, and Newmont shares

Let's see what analysts at Morgans are saying about these shares.

Read more »

Contented looking man leans back in his chair at his desk and smiles.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

Concept image of a businessman riding a bull on an upwards arrow.
Share Gainers

7 ASX 200 stocks racing higher in this week's sinking market

Investors sent these seven ASX 200 stocks flying higher despite this week’s big market retrace. But why?

Read more »

Australian dollar notes in the pocket of a man's jeans, symbolising dividends.
Share Market News

Centuria Industrial REIT declares quarterly distribution for March 2026

Centuria Industrial REIT declared an unfranked 4.2 cent quarterly distribution, due to be paid in late April 2026.

Read more »