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Anthony Noto: It's Daunting And Inspiring To Work For Jack Dorsey

Anthony Noto: It's Daunting And Inspiring To Work For Jack Dorsey

Twitter Inc (NYSE: TWTR)'s stock has been on fire since the company reported its first-quarter results and followed up with details of new video streaming initiatives. But at the same time, some of the main overhangs remain unsolved.

In an interview with Bloomberg's Emily Chang, Twitter's Anthony Noto fielded some pressing questions investors would like clarity on.

Leadership Comments

Noto is doubling as Twitter's chief financial officer and chief operating officer and is also described by some as being the "soul of the company." Noto explained that Twitter's leadership is operating as a team and aims to "divide and conquer" the many priorities.

Commenting on the leadership of Twitter CEO Jack Dorsey, Noto said he wouldn't want to work for any other leader. Noto added that Dorsey is an "inspiration" and can accurately deliver what the "heart and soul of Twitter."

"I live and breathe every day to help that vision come to life," Noto said. "That is what [has made] Twitter so special over the last 11 years."

Noto was then pressed on what it is like to work with Dorsey, who doubles as the CEO of Square Inc (NYSE: SQ).

Noto answered that it can be both "daunting" and "inspiring" at the same time. Nevertheless, Dorsey is present for 100 percent of the decisions made, and at the end of the day, this isn't a topic he is concerned with — that is, until he is asked about it by the media.

Finally, Noto reiterated the company is still searching for a permanent CFO, but there is no update on the search at this time.

M&A Chatter

Twitter's stock went through a brief period of volatility when rumors and reports suggested it was an acquisition target.

Noto didn't offer any specifics or details regarding whether it has offers on the table but did reiterate the board's duties and obligations to maximize shareholder value. In the meantime, the board fully supports management's game plan, which is showing signs of success in terms of user growth.

No one at Twitter is working on the assumption that a turnaround is complete, and there is still much to do. Noto said the company isn't anywhere close to accomplishing its long-term goal as a company with the "largest impact in the world that I have ever seen from any company both economically and otherwise."

Related Links:

Twitter + Bloomberg = New Streaming TV News Service

Twitter A Trending Topic Among Sell-Side Analysts


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