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YouTube Co-Founder Not Working with Site Day-to-Day, But Still Works for Google (GOOG)

June 30, 2009 2:24 PM EDT
GOOG Hot Sheet
Overall Analyst Rating:
    BUY (= Flat)

EPS Growth %: +24.8%
As All Things Digital reported earlier today, Google (Nasdaq: GOOG) announced that YouTube's co-founder, Steve Chen, is no longer working at the site on a day-to-day basis. The news seems somewhat odd as the co-founder actually left his position as Chief Technology Officer last fall, but Google didn't disclose the management change. No sweat though; as the AllThingsD article points out, "The fact that Chen’s move has gone unreported until now should underscore that that his departure didn’t represent a major org chart reshuffling."

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