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Instagram co-founders step down from company: NYTimes

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Co-founders of Facebook Inc’s (FB.O) Instagram, Kevin Systrom and Mike Krieger, have resigned as chief executive officer and chief technical officer, respectively, and plan to leave the photo-sharing app company in coming weeks, the New York Times reported late on Monday.

They have notified the photo-sharing app’s leadership team and Facebook on Monday about their decision to leave, the newspaper reported, citing people with direct knowledge of the matter.

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Systrom and Krieger did not give a reason for their departure, the paper said, adding that they planned to take time off after leaving Instagram.

An Instagram spokeswoman did not have immediate comment. Facebook was not immediately available to comment outside regular business hours.

Instagram, which Facebook bought in 2012 for $1 billion, has more than 1 billion active monthly users and has grown by adding features like messaging and short videos. In 2016, it added the ability to post slideshows that disappear in 24 hours, a copy of Snapchat’s popular “stories” feature.

Instagram is its parent’s fastest-growing slice of revenue, but it touts 4 million fewer monthly advertisers globally. As Instagram has shown more ads, the average price per ad across Facebook’s entire family of apps has declined earlier this year after a year of upswing. A new privacy law in Europe also has affected prices.

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The departure of Instagram co-founders comes months after the exit of Jan Koum, co-founder of WhatsApp, another Facebook unit.

Reporting by Bhargav Acharya in Bengaluru; Editing by Gopakumar Warrier

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‘He’s cooked’: Sam Donaldson warns Trump the Senate may vote to convict him after impeachment trial

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Veteran newsman Sam Donaldson on Monday evening told CNN viewers not to assume that Senate Republicans would refuse to remove President Donald Trump from office during an impeachment vote.

"Breaking news," CNN Don Lemon alerted. "A CNN source saying that the effort to pressure Ukraine for political help alarmed John Bolton so much that the told an aide to alert White House lawyers that Giuliani was a hand grenade who will blow everyone up. And a source familiar with Fiona Hill’s testimony says the former Russia adviser told lawmakers she was she saw wrongdoing in the Ukraine policy and reported it."

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Rudy Giuliani admits ‘Fraud Guarantee’ paid him $500,000 to work for indicted associate

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Rudy Giuliani admitted being paid a half a million dollars by an associate currently being held in federal custody, Reuters reported Monday.

"President Donald Trump’s personal attorney, Rudy Giuliani, was paid $500,000 for work he did for a company co-founded by the Ukrainian-American businessman arrested last week on campaign finance charges, Giuliani told Reuters on Monday. The businessman, Lev Parnas, is a close associate of Giuliani and was involved in his effort to investigate Trump’s political rival, former Vice President Joe Biden, who is a leading contender for the 2020 Democratic Party nomination," Reuters reported.

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John Bolton ripped Rudy Giuliani as a drug dealer and ‘hand grenade’: report

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Then-National Security Advisor John Bolton was reportedly shocked by the shadow foreign policy being conducted by Rudy Giuliani, a top former National Security Council official testified to Congress on Monday, The New York Times reports.

"The effort to pressure Ukraine for political help provoked a heated confrontation inside the White House last summer that so alarmed John R. Bolton, then the national security adviser, that he told an aide to alert White House lawyers, House investigators were told on Monday," the newspaper reported. "Mr. Bolton got into a sharp exchange on July 10 with Gordon D. Sondland, the Trump donor turned ambassador to the European Union, who was working with Rudolph W. Giuliani, the president’s personal lawyer, to press Ukraine to investigate Democrats, according to testimony provided to the investigators."

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