Twitter co-founder to join Huffington Post amidst AOL struggle
Biz Stone to work across Huffington Post Media and other AOL assets.
Twitter co-founder, Biz Stone, will join the American news site Huffington Post while still keeping his job at Twitter.
He is set to become a "strategic adviser for social impact" and will be working across Hufftington Post Media, as well as all other AOL assets. Stone claimed his objective is to "rally companies to think about new ways of making business", adding that Arianna Huffington - the websites' founder - and Tim Armstrong - AOL chief executive - "shared [his] vision".
AOL announced Stone's arrival as a part of a persisting strategy of signing big names. The company had already announced 11 newcomers this week, including former New York Times and Los Angeles Times editor John Montorio.
However, the company is encountering serious hardship. Its revenues fell by 26 per cent as its internet business - its original platform - continues to decline, while advertising revenues alone fell 29 per cent. This has driven AOL to cut 900 jobs, including 200 in the US.