Signal founder Moxie Marlinspike is stepping down as CEO of the corporate, he introduced in a weblog submit on Monday. Executive chairman Brian Acton will serve as performing CEO till a alternative is discovered.
“Every day, I’m struck by how boundless Signal’s potential looks, and I want to bring in someone with fresh energy and commitment to make the most of that,” Marlinspike wrote. “I now feel very comfortable replacing myself as CEO based on the team we have.”
The firm has met with a number of CEO candidates “over the last few months,” Marlinspike wrote, however the search stays ongoing.
Founded in 2014, Signal has grown into one of essentially the most trusted and strong apps for encrypted messaging. The service has greater than 40 million month-to-month customers and is recurrently really helpful in safety guides. Established as a nonprofit, the corporate isn’t supported by promoting or app gross sales, as an alternative counting on donations and a just lately launched sustainer program.
The app noticed a rush of new customers in early 2021 in response to a brand new privateness coverage from its competitor WhatsApp — however the success wasn’t with out controversy. Workers inside Signal raised issues to The Verge that the corporate’s refusal to take care of content material insurance policies may result in potential misuse of the service. Signal’s latest efforts to incorporate cryptocurrency funds via MobileCoin have solely heightened these issues.
Marlinspike gave no indication of his plans after leaving Signal, though he has experimented skeptically with a quantity of NFT-related tasks on his private weblog, together with a derivatives marketplace for NFTs and a token that turns into the poop emoji when seen from a private pockets.