Instagram benefits from Twitter exodus

Arvind Hickman
By Arvind Hickman | 28 January 2016

Former Twitter product head Kevin Weil has been hired by rival social media platform Instagram to lead its product development, Techcrunch reports. The announcement comes a day after Twitter named Leslie Berland as its new CMO.

The previous head of product at Facebook-owned Instagram, Peter Deng, went to the virtual reality team Oculus earlier this year.

Weil was among a raft of executives who have left Twitter in the past week. The others are engineering head Alex Roetter, media head Katie Jacobs Stanton and Vine general manager Jason Toff, who has moved to Google’s virtual reality team.

Twitter founder Jack Dorsey returned as CEO last year to help reinvogorate the social media platform's flagging growth. On Sudnay, Dorsey said the departures were all resignations.

Twitter's share prices have hit record lows of US$17 in recent times, well below the US$69 mark reached two years ago.

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