Stone will once again be collaborating with Ev Williams, another Twitter co-founder, on these new endeavors, which will be sheltered under the umbrella of the Obvious Corporation, an entity Williams founded in the mid-2000s to house multiple projects under one company name.
The Stone/Williams dynamic duo will be joined in their Obvious pursuits by Jason Goldman, yet another Twitter exec. Goldman was the startup's VP of product before stepping down in December 2010.
Williams himself
"There are other problems/opportunities in the world that need attention, and there are other individuals I’d love to get the opportunity to work with and learn from," he wrote at the time.
Twitter's former COO and current CEO Dick Costolo will remain at the company's helm.
In today's explanatory blog post from Stone, the entrepreneur says he'll still be making appearances at Twitter to help when and where he can. But the majority of his time will be spent on "new endeavors ... I've decided that the most effective use of my time is to get out of the way until I'm called upon to be of some specific use."
Of the Obvious Corporation's upcoming releases, Stone writes, "Our plan is to develop new projects and work on solving big problems aligned along a simple mission statement: The Obvious Corporation develops systems that help people work together to improve the world. This is a dream come true!"
In what has become something of a revolving door of Twitter co-founders, Jack Dorsey, who was also a ground-floor Twitterer, gave up the CEO role in 2008 and