Twitter co-founder Biz Stone said to launch mobile startup

Word has it that a new mobile company called Jelly is coming into fruition.

Biz Stone. The Obvious Corporation

Twitter co-founder Biz Stone is rumored to be adding a new mobile company to his line of startups, according to AllThingsD.

Apparently the name of the new company is Jelly and it will most likely be a product featured on smartphones and tablets. According to AllThingsD, Stone has already hired a handful of people to work on the Jelly team.

After leaving Twitter, Stone partnered with another Twitter co-founder Evan Williams and former Twitter product chief Jason Goldman to work on an incubator called The Obvious Corporation . Using Obvious funding the trio has launched other startups, including Lift , Branch , and Medium. According to AllThingsD, Obvious will most likely invest in Jelly also.

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