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Adam Mosseri, center, flanked by Instagram founders Mike Krieger (l.) and Kevin Systrom. Photo: Instagram

Longtime Facebook executive Adam Mosseri has been tapped to lead Instagram in the wake of the abrupt departures of the photo app's two founders last week. Mosseri has been with the Facebook network for over 10 years, most recently serving as head of product at Instagram.

Why it matters: Reports that the founders of Instagram and WhatsApp clashed with Facebook management suggest that it can be difficult to integrate acquired companies into Facebook without friction.

At the same time, Mosseri's tenure at Facebook ensures leadership at the parent company that they will have "one of their own" at the helm of Instagram's business.

Mosseri brings a deep understanding of Facebook's larger vision to Instagram and has enough experience at both companies to be able to navigate their shared and differentiated interests.

Our thought bubble: Mosseri played a very public role at Facebook in the aftermath of the 2016 election, explaining the way Facebook's News Feed worked and how the company was tackling misinformation. He may be new to the chief executive role, but he has plenty of experience managing both corporate and product needs.

Go deeper

Updated 52 mins ago - World

17 U.S. and Canadian missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince this month. Photo: Richard Pierrin/AFP via Getty Images

American officials and authorities in Haiti are working to try and free 12 adults and five children from a U.S.-based missionary group kidnapped in Port-au-Prince over the weekend, AP reported Monday.

The latest: Christian Aid Ministries said in a statement Sunday, "The group of 16 U.S citizens and one Canadian citizen includes five men, seven women, and five children." The Ohio-based group said they were on a trip to visit an orphanage when they were kidnapped Saturday.

China's economic growth slows

A worker assembles heavy truck engines in Hangzhou in eastern China's Zhejiang Province, on Monday. Photo: Long We/Costfoto/Barcroft Media via Getty Images

China's economy grew 4.9% in the third quarter of 2021 compared with a year earlier, the country's National Bureau of Statistics announced Monday.

Why it matters: The gross domestic product growth in the July-September quarter in the world’s second-largest economy marked the "weakest pace since the third quarter of 2020 and slowing from 7.9% in the second quarter," Reuters notes.

3 hours ago - World

Former spy Steele defends controversial Trump Russia dossier

Former U.K. intelligence officer Christopher Steele arrives at the High Court in London in July 2020. Photo: Tolga Akmen/AFP via Getty Images

The author of the "Steele Dossier," containing unverified claims about former President Trump told ABC News he stands by his controversial report, according to excerpts from an upcoming documentary released Sunday.

Why it matters: Former U.K. intelligence officer Christopher Steele's dossier was used as part of former special counsel Robert Mueller's investigation into the Trump campaign's alleged links to Russia's government.