Thaindian News

Washington, Mar.16 (ANI): Twitter co-founder Biz Stone will join the American news website Huffington Post, as the firm adds big names to its roster following its 315 million dollars takeover by American Online.

The company said that Stone will act as “strategic adviser for social impact” and will work across the Huffington Post Media Group and the rest of AOL’s assets.

The company further said he would be working to develop a platform to help people share their work in their local community and will also create a video series about people and companies at the “forefront of philanthropy and corporate responsibility”.

The news came after AOL announced that it would cut 900 jobs, since the company struggles to compete with Google and Facebook for advertising and continues to lose paying subscribers.

According to The Guardian, AOL chairman Tim Armstrong said that in 2011 they will stop working on the turnaround and will work on their comeback.

Armstrong has said that concentrating on the content is his main strategy and he has made his boldest move to date buying the Huffington Post.

Arianna Huffington, co-founder of Huffington Post, now heads all of AOL’s editorial operations and has already moved to recruit bigger names.

Eleven new recruits were announced that includes former New York Times and Los Angeles Times editor John Montorio, and Howard Fineman, a former analyst for NBC and MSNBC.

Stone said: “The definition of success is changing as we begin to understand the value of helping others. Arianna and Tim share my vision for aligning corporate resources toward meaningful change.”

He stressed that his purpose to team up with AOL was to help companies to find new ways of doing business, share best practices, and strive for positive impact at all levels. (ANI)