Evan Williams Steps Down as Twitter CEO to Focus on Profit Making

Evan Williams, who has been the Chief Executive of Twitter for the last two years, steps down. He will be completely focusing on product strategy to generate more profit. His primary goal will be to turn Twitter from a communications platform into an advertising platform and a real money-making business.

Evan Williams will be replaced by the current chief operating officer, Dick Costolo. Twitter currently has 160 million users, compared with three million two years ago.

“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.”

Mr Williams is the second of Twitter’s founders to have served as chief executive, having taken over from Jack Dorsey in 2007 when he moved to become the company’s chairman. [via]

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