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Category: Entertainment

Twitter CEO Steps Down from his Throne

Written on October 05, 2010 by B Waldorf

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Along with the phenomenal drama of CEOs gone bad, Twitter holds the exception to that. Evan Williams, though stepping down from his position as CEO will still work for the company. But what difference will it make?

With the phenomenon of CEOs stepping down here’s another breaking news. ’s co-founder and CEO, , is stepping down from the throne.

From his Twitter blog, Williams revealed that he asked Twitter COO to fill in his position as company CEO. Williams will stay with the company and “be completely focused on product strategy.”

From his announcement:

“The challenges of growing an organization so quickly are numerous. Growing big is not success, in itself. Success to us means meeting our potential as a profitable company that can retain its culture and user focus while having a positive impact on the world. This is no small task. I frequently reflect on the type of focus that is required from everyone at Twitter (Twitter) to get us there.

This led to a realization as we launched the new Twitter. I am most satisfied while pushing product direction. Building things is my passion, and I’ve never been more excited or optimistic about what we have to build.

This is why I have decided to ask our COO, Dick Costolo, to become Twitter’s CEO. Starting today, I’ll be completely focused on product strategy.”

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