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Report: Booker To Step Down From Tech Startup He Co-Founded

Senate Candidate Will Donate His Waywire Shares To Charity, Report Says
Newark Mayor Cory Booker (file / credit: Mayor's Office)

Newark Mayor Cory Booker (file / credit: Mayor’s Office)

NEWARK, N.J. (CBSNewYork) — Newark Mayor and New Jersey U.S. Senate candidate Cory Booker announced Monday that he will be resigning from the board of the Web startup company he co-founded, according to a published report.

Booker has decided to step down from the board of Waywire, which he co-founded last year with chief executive officer Nathan Richardson, and Sarah Ross. Richardson left the company last month, according to TechCrunch.

Booker will donate his shares of Waywire to charity, the publication reported.

The company had initially planned to focus on original content and discovery, but is switching to video curation, according to published reports.

Booker had said previously that he would step down from the Waywire board if elected to the U.S. Senate.

In a special general election in October, he will face Republican Steve Lonegan in the in a race to replace the late U.S. Sen. Frank Lautenberg.

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