Saturday, 13 January, 2024

The Rise and Fall of Artifact: Instagram Co-Founders' News Aggregation Startup

Artifact, the news aggregation startup founded by Instagram co-founders Kevin Systrom and Mike Krieger, announces its closure. Despite initial optimism and strategic funding, the platform faced challenges in gaining traction. The shutdown highlights the competitive nature of the news aggregation market and the difficulties even well-established entrepreneurs encounter in navigating this space. Artifact's closure underscores the complexities associated with building successful ventures.