Mike Krieger Biography
Mike Krieger is a Brazilian born American entrepreneur and software engineer who co-founded Instagram along with Kevin Systrom. On September 24, 2018, it was announced that the Instagram Co-founder had resigned from Instagram and would be leaving in few weeks.
Mike Krieger Age
Krieger was born on 4 March, 1986 in Sao Paulo, Brazil. He then moved to California in 2004 to attend Stanford University. There, he studied symbolic systems and it is where he met Kevin Systrom.
Mike Krieger Wife
Krieger is married to Kaitlyn Krieger.
Kevin Systrom and Mike Krieger | Kevin Systrom Mike Krieger
Krieger and Systrom co-founded Instagram in 2010. He then made the updates for Instagram for the first 3 years it was public. Instagram was sold to Facebook for US$1 billion in cash and stock in 2010 along with 13 employees. At that time, Mike reportedly owned 10% of the company.
Instagram had over 500 million active users as of June 2016 and 40 billion pictures had been shared on Instagram as of October 2015. CNN quoted a study according to which Snapchat was the most important social network among teenagers aged 14 to 19 in 2016. This was the first time in two years that Instagram did not feature at the top.
It had employed around 450 people as of 2017. It was also used by 600 million people per month and 300 million per day. Its competitiors Twitter and Snapchat employed more people for a smaller user base. Twitter having 3,500 employees for 317 million monthly users, and Snapchat employing 1,500 people for half of Instagram’s daily user base.
Mike Krieger Leaving Instagram
The two Instagram co-founders Krieger and Systrom announced on September 24, 2018 that they were leaving the company. The duo had sold Instagram to Facebook in 2012. The duo further said that they had disagreed with Zuckerberg on a handful of recent product changes, including changes to comments and how posts are shared between the two networks.
Kevin was the one who confirmed their departure in a statement on Instagram’s blog. When delivering his statement, Systrom implied that the two co-founders would look to build something else.
Mike Krieger Net Worth
Being the co-founder of Instagram, Krieger is worth a big amount of money. He has an estimated net worth of $350 million.
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