Twitter Inc (TWTR) Should be Seen as a Broadcast Mechanism: Biz Stone


Twitter Inc (NYSE:TWTR)’s COO Ali Rowghani has resigned recently and the company has decided not to hire a replacement. Not that this has any impact on the stock price, however the stock has been performing well recently.

Twitter Inc (NYSE:TWTR), Biz Stone, Top management, broadcast mechanism

Biz Stone, Twitter Inc (NYSE:TWTR) co-founder and current CEO of Jelly was on CNBC and he discussed about the leadership of the company and about the values of the company. Stone was asked what would have been different if he had still been in the top management of Twitter Inc (NYSE:TWTR) and he stated:

“I have complete faith in the current executive bench there, I mean we built that bench.”

He also said that he along with other put the correct people in place and once he was comfortable about the future and felt hat its in safe hands, Stone left Twitter Inc (NYSE:TWTR). He feels that the top management is not missing anything and felt that the company is not being measured correctly. To explain this here is what he said:

“I don’t think you need to be able to code a webpage in order to use the internet and similarly I don’t think you necessarily need to register with Twitter in order to be considered a happy user of Twitter.”

What he actually meant was that people see tweets everywhere. We also see hashtags and tweets on TV and other websites. He said that we should be measuring Twitter more as a broadcast mechanism.

Daniel Benton’s Andor Capital Management is a key investor in Twitter Inc (NYSE:TWTR) with about 4.5 million shares as of 31st March 2014. The other key investors are Jat Capital Management with approximately 135 million shares and Blue Ridge Capital with around 1 million shares each.

Here is the video of the discussion where Stone spoke about Twitter Inc (NYSE:TWTR):

Disclosure: None