Instagram Founders Quit & Snapchat Points its Camera at Amazon: 4 Things to Know Today
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1. Instagram co-founders call it quits. Kevin Systrom and Mike Krieger have resigned from their respective positions to explore their creativity again.
2. Facebook India has a new boss. The social media giant has appointed Hotstar CEO Ajit Mohan as its new managing director and vice-president for India.
3. Snapchat is working on ‘point-and-buy’ strategy with Amazon. The photo-sharing app might soon allow the users to use its camera to shop directly from Amazon.com.
4. Oyo pockets another billion. The hotel room chain has raised $800 million from Softbank Ventures, Sequoia Capital and Lightspeed for overseas investment with commitment of another $200 million.
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