Twitter founder Biz Stone leaves micro-blogging website saying: 'It's time I got out of the way'
Logging off: Twitter co-founder Biz Stone is leaving after five years at the firm Isaac Biz Stone is moving on from Twitter, just five years after co-founding the microblogging site that has become integral to the social media scene around the globe.
Stone, 37, said yesterday on his blog that he will work with the company for many years to come, but that the most effective use of his time now is to get out of the way of Twitter's crew and leadership team until he's called upon to be of some specific use.
Stone says he plans to focus on helping schools, nonprofits and company advisory boards. He's also relaunching Obvious Corp the company that incubated Twitter - with fellow Twitter co-founder Evan Williams to develop new projects.
Stone, who was once named GQ Nerd Of The Year, said: My work on Twitter has spanned more than half a decade and I will continue to work with the company for many years to come.
More...
- Google launches its own social network in attempt to take on Facebook
- Hollywood studios launch court bid to force BT to block access to website used for illegal film downloads
Rapid growth: Twitter has become a global powerhouse in just five years The move comes as Twitter has been trying to build upon its popularity to make more money by selling more ads.
The privately held company doesn't disclose its finances, but research firm eMarketer Inc. estimates Twitter will bring in advertising revenue of! about $ 150million (93million) this year.
Stone's departure caps a year of executive changes at the San Francisco-based company.
Last fall, Williams handed over the reins to Twitter's current CEO, Dick Costolo, and moved on to explore new business ideas.
In March, Twitter's third co-founder and original CEO Jack Dorsey returned to oversee product development as executive chairman.
Comments