Former Joost CEO Mike Volpi has been stripped of his post as chairman and removed from the board by a shareholder vote, the online video service confirmed Saturday. Joost also said it is investigating Volpi's actions during his time as chairman and chief executive.
Joost was co-founded by Janus Friis and Niklas Zennstrom, who also co-founded Internet phone company Skype. Volpi left Joost as CEO a few months ago, taking a position in July as a partner at Index Ventures, a global venture capital firm. Index Ventures is part of the consortium that earlier this month signed a deal with eBay to acquire a 65 percent stake in Skype, … Read more