Instagram co-founders to step down from Facebook

The two co-founders of Facebook Inc.'s popular Instagram app are stepping down, a move marking continued tumult at the social-networking giant. The co-founders -- Kevin Systrom, Instagram's chief executive, and Mike Krieger, chief technology officer -- clashed with Facebook executives over the extent of Instagram's autonomy in recent months, according to people familiar with the matter.


Earlier this year, Chief Executive Mark Zuckerberg shifted a senior Facebook executive, Adam Mosseri, over to Instagram in anticipation that the founders might leave, one of the people said. Read the report here.