Facebook announced Monday that Adam Mosseri will take over as the head of Instagram following the departure of co-founders Kevin Systrom and Mike Krieger a week ago.
“We are thrilled to hand over the reins to a product leader with a strong design background and a focus on craft and simplicity — as well as a deep understanding of the importance of community,” Systrom and Krieger said in a statement.
Mosseri previously helmed Instagram’s head of product over the past year lead the company’s News Feed division. Mosseri is set to begin his new position Instagram effective immediately, an Instagram spokeswoman told CNBC.
Krieger and Systrom shocked online users when announcing their joint resignation last week with a vague explanation. In 2012, The IG founder’s company was acquired by Facebook for $1 billion. They remaind active in the company for more than six years after the acquisition. Both Kreiger and Systrom reportedly resigned from Instagram due to irreconcilable differences with Facebook founder Mark Zuckerberg.
According to CNBC, Mosseri joined the Instagram as a product designer in 2008 prior to working as a design director for the digital giant and later leading the News Feed division.
“I’m humbled and excited about the opportunity to now lead the Instagram team,” Mosseri said in a statement.
Uber and Lyft drivers caught tampering with ride fares at DC airport causing artificial price surges
According to WJLA, Uber and Lyft drivers at Reagan National Airport in Washington, D.C. are being accused of manipulating ride fare.
The drivers are reportedly turn off their ride share apps simultaneously for a few minutes to trick the app into thinking there are no drivers available in the area which then creates a price surge. As a result, the fare instantly increases when the drivers turn their apps back on.
The lot outside Reagan National airport is estimated to hold an estimated 120 to 150 drivers each day, waiting for the busy evening rush.
“All the airplanes we know when they land. So five minutes before, we turn all our apps off all of us at the same time. All of us we turn our apps off. They surge, $10, $12, sometimes $19. Then we turn our app on. Everyone will get the surge,” one driver told ABC7.
Both ride sharing companies have since then responded. See official statements below.
Lyft takes any allegations of fraudulent behavior very seriously as it violates our community guidelines and can lead to deactivation from the Lyft platform. – Lyft
At Uber, we work to ensure the reliability of our service for our riders and drivers. This behavior is neither widespread or permissible on the uber platform, and we have technical safeguards in place to help prevent it from happening. – Uber
Facebook Co-founder calls for Company’s Breakup
The co-founder of Facebook is calling for the government to break up the tech giant in an op-ed article published in The New York Times Thursday morning.
Could Facebook trump Tinder with new Dating Service
One of the standout highlights from the F8 conference was Facebook announcing it was joining the online dating community. Awkward!
These new additives will be built into Facebook’s existing app, aggregating information from your profile to match you with potential lovers based on mutual interests and friends.
During his F8 keynote, Zuckerberg went on to say the new features the company’s introducing will be for “real, long-term relationships, not just hook-ups.”
Your dating profile will reportedly be separate from your main Facebook profile, and that your friends can’t access it. In fact, you’ll only be suggested people who aren’t already your friends.
Further looks at the features revealed users could meet up by adding events they were attending to their dating profile, and seeing other singles who had done the same. The messaging service they would use to connect is built into the dating profile, separate from Messenger, and text-only.
Coincidentally, shortly after Facebook made this announcement, the stock of Match plunged precipitously. Match – the company that owns Tinder, OKCupid, and Plenty of Fish – saw its stock plunge precipitously. It still managed to throw some shade at Facebook in a statement to TechCrunch:
“We’re surprised at the timing given the amount of personal and sensitive data that comes with this territory. Regardless, we’re going to continue to delight our users through product innovation and relentless focus on relationship success.”
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