Shares of Facebook Inc (FB.O) fell more than 2 percent in early trading on Tuesday after the two founders of photo-sharing app Instagram left the social networking giant under unexplained circumstances.
Analysts said the departure of Kevin Systrom and Mike Krieger may have been the result of friction with Chief Executive Officer Mark Zuckerberg over how Facebook’s fastest-growing revenue generator is run.
“Our sense is the duo may have wanted to run Instagram more independently than their parent company wanted,” said Scott Kessler, an analyst at research firm CFRA.
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