Former Product VP Kevin Weil Left Twitter To Join Facebook Instagram
Facebook-acquired Instagram is about to make most of Weil's expertise in business.
Kevin Weil, Twitter’s former product VP has landed a new job in Instagram – Facebook owned entity. No spokesperson from Twitter or Facebook commented on the matter while Weil has not responded to the requests yet. Having served $12 billion company for seven years, the ex-VP resigned from his services last weekend along with three more high profile executives of the Californian based organization.
Sources privy to the matter revealed that Weil would report Instagram’s co-founder and CEO, Kevin Systrom. The sources further revealed that $1 billion Instagram had hired former Twitter executive months before his resignation. The youth’s favorite organization previously had Peter Deng as its product VP but he switched, after serving for more than two years, to social-networking titan’s virtual reality realm team, “Oculus.” However, with Silicon-Valley genius, the vacant position is filled.
The photo-sharing app has more than 400 million monthly active users while around 320 million users “Tweet” their thoughts in 140-characters. Furthermore, Instagram users are growing at high rate. In Arab region only, the most popular app’s users increased by 115% between 2012 and 2015.
The social network giant, Facebook, acquired Instagram in 2012 for $1 billion. Lately, the analysts anticipate that new acquired business will generate impressive return for the parent. Last September, the world’s most popular online app opened the advertising platform for the companies after which analysts expect bullish $595 million revenue from Instagram in 2016.
The Silicon-Valley charismatic veteran has led team of product development for Twitter’s advertising platform. In near future, Weil is likely to add his expertise in the anticipated advertising business model of world’s leading mobile app. His joining date has not been revealed yet. Moreover, according to SEC filing, he will remain in the popular social network companies till January 29.
Troubling days are near for Twitter’s CEO Jack Dorsey, who donned this role last October, as the struggling company has also lost its head of product, head of engineering ‘Alex Roetter’, head of media ‘Katie Jacob Stanton’, and head of human resources ‘Skip Schipper’. The news is a hard blow for the business as its finest asset has shaken hands with the rival. The only consolation for it is the new addition of former American Express Co. executive ‘Leslie Berland’ who has taken up the role of company’s CMO.
Facebook stock stood at a steady $97.34 market closed on Tuesday, while its competitor, Twitter, stood at $16.99.