Twitter co-founder Biz Stone is back at the company

Gladys Abbott
May 17, 2017

Mr Dorsey left Twitter in 2008 and in 2010 Mr Williams gave up the chief executive position to take a non-executive place on the board. While making a guest appearance at a company function, Stone said he "felt the energy, and I was overcome with emotion".

"You might even say the job description includes being Biz Stone", he added.

The growth of Twitter has been one of the biggest success stories over the last 10 years, with the company becoming a close second in the social media space to Facebook. In March, Stone sold Jelly to Pinterest for an undisclosed sum. "I'm not replacing anyone at Twitter".

However nebulous his role, investors were cheered by the news that Stone will be returning to Twitter in a "full time" capacity (leaving a "Biz-shaped hole" at Pinterest, where he became a special adviser after selling Jelly). Twitter shares jumped on the news.

"There's something about the personality of a company that comes from the folks who start it", Stone said. His focus will be, vaguely, to infuse the company culture with his tech-startup energy. When Dorsey raised the idea of his return at a meeting with employees this year, people cheered, Stone wrote. The company now supports 328 million accounts, according to Statista.

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The end of 2016 saw chief technology officer Adam Messinger, and chief operating officer Adam Bain both leave as well.

The stock price of Twitter (NYSE: TWTR) increased to as much as $19.78 per share during the early trading today.

"Twitter has woven itself into the fabric of our global society", he wrote in his announcement. These were two of the four individuals who brought the world Twitter, and were there for a good period of growth for the company.

For the first quarter, Twitter reported revenue of $548 million - down 8% year-over-year.

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