Another Exodus From Facebook

Two more high level execs at Facebook have resigned:

Instagram cofounders Kevin Systrom and Mike Krieger are leaving the company they created. Late Monday, the pair abruptly announced that they were stepping down as the chief executive and chief technical officer of the social network. Facebook, which found out about their decision yesterday, were blindsided by the announcement, sources familiar with the matter told BuzzFeed News.

In a statement, Systrom wrote, “We’re planning on taking some time off to explore our curiosity and creativity again ... We remain excited for the future of Instagram and Facebook in the coming years as we transition from leaders to two users in a billion.”

Systrom and Krieger founded Instagram in 2010 and sold it to Facebook for $1 billion in 2012. As of this summer, Instagram had 1 billion monthly active users.

This isn’t the only recent exit of a high-profile founder of a company acquired by Facebook. Recently, the founders of WhatsApp, bought by Facebook in 2014, both left the company after reportedly clashing with Facebook executives over privacy issues.

https://www.buzzfeednews.com/article/katienotopoulos/instagrams-co-founders-just-resigned

In spite of its claims to the contrary, Facebook apparently doesn't give a damn about user privacy.

Here is what I would like to know - why did the founders of WhatsApp and Instagram have these alleged crises of conscience AFTER getting their money from Facebook and not BEFORE? Didn't they know what they were getting into, or did the lure of big bucks overcome all other considerations?

By the way, here are two other companies which may not care much about privacy concerns:

https://www.infowars.com/spotify-wants-to-create-music-playlists-based-on-your-dna/

To me this is really scary. Once such companies get your data (by whatever means), they can monetize it with little or no financial benefit to you or me.