![]() ![]() ![]() Video sharing was added to the photo-sharing app in 2013, which mimicked the popular app Vine at the time. By June 2018, the platform had hit 1 billion monthly active users. ![]() Instagram was a hit, rapidly gathering users to become one of the world’s biggest and most-influential social media platforms. Systrom remained on as CEO until 2018, when Krieger (head of engineering) also left the company. Within just shy of two years of operation, it was sold to Facebook for $1 billion. It quickly became apparent that the best course would be to pare down Burbn, which had already attracted $500,000 in seed funding, to focus on this element. ![]()
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