https://techcrunch.com/2022/07/12/ev-williams-is-stepping-down-as-ceo-of-medium-after-more-than-11-years-at-the-helm/

Another CEO is stepping back from the company he launched. This time, it’s famed serial entrepreneur Ev Williams, who said today that he is relinquishing his full-time role with Medium, an online platform that hoped to transform publishing on the internet by giving anyone with an interest in writing a space to do it in far longer form than is possible on Twitter. “A beautiful space for reading and writing — and little else,” Williams called Medium when it debuted in 2012. “The words are central.”

The company, founded in 2011, has never taken off in the way that Williams imagined, even while other newer publishing platforms like Substack began to gain traction in recent years. Williams nevertheless writes in a post about his transition to chairman of the board that outsiders shouldn’t interpret the move as a negative signal.