Here’s a look at the net worth of Instagram CEO Adam Mosseri after he took to Twitter today, July 26, to address the criticism the platform has been receiving over its recent changes.
The photo-sharing app has been at the receiving end over the last few months due to technical glitches that surface every now and then.
However, the recent changes, unlike temporary issues, focus on turning the platform video-oriented, and users are simply not happy about it.
A look at Adam Mosseri’s net worth
The CEO of Instagram, Adam Mosseri, has an estimated net worth of $120 million in 2022, according to Exact Net Worth.
Before heading Instagram, he served as an executive at Facebook. He went on to become the Product Design Manager and later served as Vice President of Product for the social networking site.
He was named the CEO of Instagram in 2018 after founders Kevin Systrom and Mike Krieger stepped down.
As for his personal life, very few know that he’s the older brother of American composer Emile Mosseri.
Adam is married to his wife, Monica, since 2013. She was briefly associated with Facebook, which is where she met her future husband.
Instagram CEO addressed criticism over its changes
In his latest Twitter video, Adam explains why Instagram is changing and what the users can expect in the future.
He said: “There’s a lot going on with Instagram right now. We’re experimenting with a number of different changes to the app. And so we’re hearing a lot of concerns from all of you. So I wanted to take a few moments and clarify a few things.”
He went on to talk about the new full-screen feed, which is despised by many, and clarified that it is only a test. He said only some percentage of the users would be seeing this feature and the company believes a full-screen view can enhance the user experience in terms of engagement.
Adam also addressed the app’s shift from photos to videos. “I want to be clear, we’re gonna continue to support photos. It’s part of our heritage. I love photos and I know a lot of you out there love photos.”
“That said, I need to be honest: I do believe that more and more of Instagram is going to become video over time. We see this even if we change nothing.”
He argued that more and more users have been sharing videos to their feed in comparison to pictures. “So we’re gonna have to lean into that shift while continuing to support photos,” he added.
The Kardashian sisters join the trend
Kylie Jenner is the second most followed celebrity on Instagram with more than 361 million followers and her sister, Kim, has over 326 million followers. And, it is totally understandable why they aren’t too pleased with the changes to the app.
Joining the rising trend that sees people urging Instagram to not proceed with its changes that lean towards videos, Kylie and Kim both shared pictures on their personal stories with the message, “Make Instagram Instagram Again.”
The stories have since disappeared.
However, Instagram hasn’t revealed the exact timeline of the changes it is planning to bring about.