Chad Hurley this week said he officially plans to step down as CEO of YouTube, and take an advisory role. Yet, as MediaMemo
notes, Hurley hasn't been managing day-to-day operations at YouTube
for some time. "The video site is already under the day-to-day control of Google veteran Salar Kamangar, and industry insiders have been speculating that Hurley would step out for more than a year,"
Admitting as much, Hurley said in a statement: "For the past two years, I've taken on more of an advisory role at YouTube as Salar Kamangar has led the company's day-to-day
operations. I will continue to serve in an advisory capacity and am excited to witness the next phase of YouTube's growth." So, what does Hurley's announcement mean? Simply put, "Hurley's departure
means that all three of YouTube's co-founders have moved on," MediaMemo writes.
Read the whole story at MediaMemo »