Twitter Inc (NYSE:TWTR) CEO Dick Costolo has been under fire since long on his lack of grip on product management. In a program on CNBC, Twitter’s CEO was asked pretty bluntly about his future at the company. Answering the question, Costolo said that he want to focus on his job and he never worries about whether he will be working at the current position in the coming days or not. Twitter stock came down by as low as 28% in the past month. Twitter Inc (NYSE:TWTR) investors are also not happy with the company. A few months ago, reports also suggested that Costolo is being asked to resign from the company. But Twitter Inc (NYSE:TWTR)’s CEO claims that he and the Twitter board in perfectly in sync on all the important issues.
Twitter Inc (NYSE:TWTR)’s CEO said that he doesn’t ‘feel’ like he is completely in sync with the board, rather he ‘is’ completely in sync with the board. He said that Twitter Inc (NYSE:TWTR)’s board and he communicates regularly. He said that he ‘over-communicates’ with the board, to emphasize the fact that all is well behind the scenes.
Twitter Inc (NYSE:TWTR), in the past few months, has failed to imbibe much attention. Its competitors like Facebook, Instagram—which is now a Facebook property, have beat the blue bird with clear margins. In order to get back in business, Twitter Inc (NYSE:TWTR) will have to devise a major, disruptive product and features plan regarding mobile and ads.
John Thaler’s JAT Capital Management owns over 7.3 million shares in Twitter Inc (NYSE:TWTR).