Breaking: Twitter CEO Ev Williams Steps Down

Twitter CEO Ev Williams is stepping down to take a role in product strategy, with COO Dick Costolo assuming CEO duties. The company made the announcement in a blog post. It likely would have made it via Twitter, but the service was down at the time.

Writes Williams:

When I insisted on bringing Dick into the COO role a year ago, I got a lot of questions from my board. But I knew Dick would be a strong complement to me, and this has proven to be the case.

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