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Twitter founder Evan Williams steps down as CEO

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					Twitter founder Evan Williams steps down as CEO




                                        The co-founder of social
networking site Twitter is standing down as its chief executive.

Evan Williams, who has headed the company since 2008, is being replaced
to allow him to focus on ways of making Twitter more profitable.

Announcing the decision on Twitter's blog, Mr Williams said Twitter needed
to "meet its potential as a profitable company".

He will be replaced by the current chief operating officer, Dick Costolo.

Twitter has grown dramatically in recent years, with user numbers now
topping 160 million, compared with three million two years ago.

But Mr Williams said that in order to continue to be successful, the
company now needed to start converting that growth into profit.

"Growing big is not success in itself," he said.

'Important transition'

"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.

"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."

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.
The BBC's technology correspondent in Silicon Valley, Maggie Shiels, said
the handover marked a "very important transition" for Twitter.

"The announcement shows this is a company that is about to get really
serious about making money... something they have tiptoed around for some
time," she said.

"This is about turning Twitter from a communications platform into an
advertising platform and a real money-making business.

"That means it will be able to fight off being acquired by the likes of
Google and also challenge the search giant for lucrative ad dollars."

				
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