By Abby Draper
It’s been a newsworthy couple of weeks in the rapidly paced world of Social Media.
As some of you read last week, Mark Zuckerberg founder of Facebook.com donated $100 million to the Newark School systems; “Social Network” was released and hugely successful in its debut weekend; and today Twitter co-founder Evan Williams announced that he is turning his CEO title over to “focus on product strategy.”
In an unexpected announcement on the Twitter blog, Williams revealed that he has stepped down and asked Twitter COO Dick Costolo to take over as the company’s CEO.
In his blog, Williams writes:
“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 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.”
With the recent roll out of New Twitter, now seems like the perfect timing for Costolo to take over. I look forward to seeing where Twitter is headed.