GWOP Report: YouTube CEO Chad Hurley steps down

-AP/SAN FRANCISCO — YouTube CEO Chad Hurley is surrendering the reins of the popular video website that he started with two buddies which has blossomed into a media magnet with over 1 billion subscribers to date. YouTube has created internet sensations such as Justin Beiber and Soulja Boy Tell em who have over 1 billion views combined on their videos.

The change in command announced Friday formalizes a transition that has been unfolding over the past two years as YouTube’s owner, Internet search leader Google Inc., asserted more control over the website.

Chad Hurley is one of the co-founders of YouTube. In October 2006 he, along with the other founders, sold the company for $1.65 billion to Google.

Prior to YouTube he worked in eBay’s PayPal division, where he helped design the original PayPal logo.

Hurley intends to start a men’s clothing line, Hlaska. The brand’s name is a mash-up of Hawaii and Alaska, signifying its goal of becoming “the 51st state.”

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