Twitter Inc TWTR announced on Thursday that Jack Dorsey, co-founder and chairman, will be replacing Dick Costolo as the CEO of the company temporarily from July 1.
Dorsey was on CNBC Friday to share what kind of interaction Twitter’s Board has had with Costolo and to discuss Twitter’s future strategy and direction.
Want To Amplify The Momentum
“We have always had an open conversation with Dick and the leadership in the Board about the next step to the company and we do that just in service of making sure that we are putting the company first,” Dorsey said. “We have an extremely strong roadmap and, I think, Kevin Weil (SVP of Product at Twitter) really set the tone back in November when he said, ‘you’ll never see a greater cadence than you will at the company in what we are about to do’ and the company keeps delivering on that.”
“We did not want to interrupt that momentum, if anything we want to amplify it because we are extremely excited about the products and new initiatives to come.”
Periscope: Manifestation Of Twitter’s Future
“There’s been a great momentum in us shipping more and more new services, updating platforms like Fabric and also new services like Periscope which I think is an amazing, amazing manifestation of what Twitter’s future is,” Dorsey added.
Strong And Beautiful
Dorsey was asked why he said during the announcement that there won’t be any change in Twitter’s strategy or direction. He replied, “Because the fundamentals and the [primitives] that the company is building right now and executing right now are extremely strong and beautiful and, I think, it’s going to be a very engaging experience and I can’t wait for the world to see it.”
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.