Jack Dorsey is out as chief executive at Twitter, the micro-blogging start-up that has become famous in the tech world for a lot of buzz and little revenue.
Evan Williams, Twitter’s chairman, co-founder and chief product officer, will take over as chief executive and run day-to-day operations at the service, which allows people to broadcast messages of 140 characters or less.
Mr. Dorsey
is becoming chairman.
the company has no real source of revenue
Twitter is backed by Union Square Ventures, Digital Garage, Spark Capital and Bezos Expeditions, a venture capital company led by Jeffrey P. Bezos, the chief executive of Amazon.
The decision is somewhat surprising since Twitter has actually become more stable recently, holding up particularly well during the heavy barrage of messages exchanged by users during the recent presidential debates.
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