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Archive for: biz stone

Jack Dorsey Firing Key Product Executives at Twitter

In very strange news it seems like Jack Dorsey is firing key players at Twitter. Dorsey is back in as the head of product at Twitter and he seems to be remove the original team that are closely affiliated with Evan Williams, Biz Stone, and Jason Goldman. Evan Williams, Biz Stone, and Jason Goldman left Twitter in the past few months to stat their own incubator project.

I dont understand why Dorsey is removing all these people when they have grown Twitter up from his idea. It seems like Dorsey has fallen out with Stone, Williams and Goldman and is trying to get the company to start fresh.

Im a huge believer that Twitter was only successful because of Williams and Stone!

JP Morgan Didnt Invest in Twitter

It was rumoured that Twitter has received a $450 million investment from JP Morgan Chase for a 10% share of their company. It turns out that Twitter co-founder Biz Stone is denying the rumours.

Stone told Reuters that the reports were “made up”, but did admit to discussions with Facebook “a couple of years ago … (but) nothing formal since and it’s mostly rumors all the time”.

JP Morgan is in the market for investing in social media startups, because recently they raised a $1.22 billion fund to do just that. There isnt an investment in Twitter at the moment, but it would make sense for JP Morgan to invest very soon. biz stone