Huffington Post co-founder to step down

Arianna Huffington, co-founder of Huffington Post, said on Thursday she would leave the company to focus on running her health and wellness startup.

“I thought HuffPost would be my last act. But I’ve decided to step down as HuffPost’s editor-in-chief to run my new venture, Thrive Global,” she tweeted.

Thrive Global, which will offer services to companies to improve the well-being of their employees, recently closed a Series A funding round ahead of a launch in the fall.

In a media release, Ms Huffington, 66, says it is “a corporate and consumer well-being and productivity platform”.

Tim Armstrong, AOL chief executive, said that thanks to Arianna, Huffington Post was a “firmly established and celebrated news source”.

Huffington Post was launched on 9 May, 2005, pulling together liberal-leaning news reports, and as an alternative to conservative news aggregators such as the Drudge Report.

She launched the site with the American businessman Kenneth Lerer and other investors.

Verizon Communications Inc bought the liberal American online news aggregator and blog for $315 million in February 2011.