Facebook's shares were down 2.4% at $161.51 in early trading yesterday, knocking more than $11bn off the stock's market value.
Some saw this departure as a potential opening for Snapchat, given that the company's app has always been considered a major Instagram competitor; Facebook has even stolen more than a few of Snapchat's most popular features. Instagram had been hailed in Silicon Valley as a flashy acquisition done right, with the team kept relatively small and Systrom having the freedom to add features such as peer-to-peer messaging, video uploads and advertising. "Kevin and Mike are extraordinary product leaders and Instagram reflects their combined creative talents", wrote Zuckerberg. "I've learned a lot working with them for the past six years and have really enjoyed it". "I'm looking forward to seeing what they build next".
Why are the Instagram founders leaving?
"One of the key hallmarks of Instagram has been its independence and uniqueness from Facebook". WhatsApp has been building a team of data scientists over the past year, suggesting that it too is exploring ways to exploit user data to generate sales.
The photo sharing app was founded by the pair in 2010 and bought by Facebook a mere two years later for $1 billion. "He knows that a large part of Instagram's popularity is that it's separate from Facebook". Back then, it was used by around 30 million people.
But Zuckerberg's restraint appears to have waned.
If you're a fan of Instagram, and many hundreds of millions of you are, there are plenty of reasons to be anxious about a pair of resignations that came out of nowhere Monday night, sent tech Twitter into a tizzy and signaled the arrival of a significant new chapter for the biggest social networking company on the planet.
Studies and estimates show that Instagram is generally growing faster than the core Facebook app, and gets more engagement from users.
Instagram had previously been seen as largely autonomous from Facebook's influence.
More recently, though, it's been Facebook that needs Instagram more than the other way around, and that makes the departure of the Instagram founders a particularly painful sting. And Adam Mosseri, formerly the VP of News Feed at Facebook, was made Instagram's new head of product. Instagram has also largely remained insulated from the issues plaguing its parent company, and it continues to grow. It is still seen as a more uplifting place than Facebook, escaping fallout from scandals such as that around Cambridge Analytica. Systrom's public farewell blog post hinted that the duo will be going on to start something else: "We're now ready for our next chapter", the exec wrote.
And in 2011 almost 200 people were killed when the MV Spice Islander I sank off Tanzania's Indian Ocean coast near Zanzibar. Red Cross volunteers engaged in rescue efforts on and around Ukara Island in Lake Victoria, Tanzania .
On Sept. 7, a tropical depression formed in the eastern Atlantic, about 500 miles west of the Cape Verde Islands. Tropical Storm Kirk has formed off the coast of Sierra Leone and will trek westward over the next week.
There were no immediate indications that the emergence of a second accuser had fatally wounded Kavanaugh's prospects. Ford says she feared Kavanaugh might inadvertently kill her before she managed to get away.
But holding onto Kavanaugh's nomination and going through an investigation is a political risk for Republicans . Meanwhile, Republicans viewed Ms Ford's requests as a way to delay voting on President Donald Trump's nominee.
Officials had anxious the water would overwhelm several pits where coal ash had been stored, potentially contaminating rivers. North Carolina governor Roy Cooper says the state is still tallying its storm damage, but says it will be in the billions .
Finally, on Monday, French fishing vessel Osiris braved the waters to reach the Thuriya and took the injured sailor on board. The race, however, is on somewhere else - one to reach Commander Tomy, who is 1,900 nautical miles away from land.
Ahwaz is in the centre of Khuzestan province, where there have been sporadic protests by the Arab minority in mainly Shia Iran . Iran will be scrambling to determine the motives for the Saturday's high-profile attack as it faces growing USA pressure.
The carrier said it has taken the cockpit crew off duty pending an investigation into the incident. The Civil Aviation ministry has asked aviation regulator DGCA for a report on the incident.
US Senate Judiciary Committee sets Kavanaugh vote for Friday
Trump has continued to highlight Kavanaugh's qualifications for the Supreme Court, touting his great legal mind and character. Each senator on the 21-member panel will be allowed five minutes to ask questions, said committee spokesman Taylor Foy.
Can Russia curb Israel's actions in Syria?
Russian Federation in April had hinted that it would supply the S-300 to Assad's regime despite Israeli objections. The Russian IL-20 surveillance plane crashed near Latakia in northern Syria .
Chelsea drop first points of season in draw at West Ham
This time he was denied by a point-blank save from Chelsea goalkeeper Kepa Arrizabalaga with his thigh at the near post. In his place was Michail Antonio, and the two best chances of the first half fell to the former Nottingham Forest man.
China, Russia warn US of consequences over sanctions
All of them - defense related firms, officers of the GRU military intelligence agency, and people associated with the St. Beijing has not joined in the sanctions imposed on Moscow by the U.S. and its Western allies since 2014.