San Bruno,
Calif. - YouTube co-founder and
chief technology officer Steve Chen has stepped down to take an unspecified
position at parent company Google (NASD: GOOG), All Things D reported. "Steve shifted
his focus to help with some Google engineering projects. He's still involved
with YouTube and invested in its success," YouTube spokesman Ricard Reyes
told The Times' Bits Blog. Chen's holdings in YouTube, which was acquired by
Google for $1.65 billion, reportedly were worth more than $326 million in
February 2007.
Related Links:
http://snipurl.com/lcu7f
(All Things D)
http://snipurl.com/lcvlr
(Bits blog)
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