OneRiot says it has made some changes that will "propel the company to the future faster." The changes they’re referring to are that Kimbal Musk, formerly CEO, is now the Chairman of the company, while Tobias Peggs (formerly President in charge of Strategy, Sales, Distribution and Marketing) is now CEO.
Citing, a list of accomplishments that includes the launches of OneRiot itself, its APIs, its ad platform, its Trending Topics Engine, integration with Facebook’s Open Graph, and the fact that its on pace to serve 1 billion ad impressions a month, OneRiot’s Jennifer Hodges says, "As it’s clear to see, OneRiot emerged as the authority on realtime search and is now hurtling along a highway towards monetizing the wider realtime and social web. It’s time to crank that up another gear, and really go for it."
The changes, unfortunately, also include letting some workers go. "Now, being agile also necessitates making some tough decisions too, if they are the right thing for the company right now," says Hodges. "Unfortunately, today, we have had to let a handful of well respected colleagues go. This is a pragmatic decision based on a strategically focused go-forward plan for the company. It’s in no way a reflection of the talent of the people concerned. One of the folks moving on is Robert Reich, our co-founder. Robert has had immeasurable influence on the OneRiot vision and product – helping us get to where we are today. We’re sure that whatever he turns to next will be equally as visionary, and we wish him well."
OneRiot says Peggs will work closely with Ron Benson (VP Engineering) and Merle Waterman (CFO) to drive the day-to-day business operations. The plan includes the monetization of the realtime web.