KEY POINTS
  • In succeeding Instagram CEO and co-founder Kevin Systrom, Adam Mosseri has to balance his staff's desire for autonomy with the greater needs of Facebook.
  • Many key leaders and employees from Instagram have moved to Facebook's new blockchain project in recent months.
  • Mosseri joined Facebook as a product designer in 2008 and has climbed the ranks, running the core News Feed along the way.
Adam Mosseri, Facebook

September 25, 2018, was a stress-filled day at Instagram. The prior evening, co-founders Kevin Systrom and Mike Krieger had announced their sudden departures from the eight-year-old company, leaving employees stunned and uncertain about the future of the photo-sharing app.

They didn't know who to ask about current projects since Systrom and Krieger had been running the show even after selling the business to Facebook for $1 billion in 2012. So employees took to Workplace, Facebook's internal social network, to air their frustrations.