In a program on Bloomberg, Nick Bilton talked about his latest book “Hatching Twitter” and explained the process, dynamics of Twitter Inc (NYSE:TWTR) and the company’s internal conflicts. Bilton said that it was like a reality TV show while writing this book because a lot more keeps on happening in Twitter. Twitter Inc (NYSE:TWTR)’s internal rifts are not a secret anymore. Many experts and analysts keep labeling Twitter as an unstable company. Bilton said that many early founders were forced to leave Twitter Inc (NYSE:TWTR). Dick Costolo is apparently in complete control of the leadership board but still, nothing can be said with certainty about company’s future leadership.
Bilton said that Ali Rowghani, the former COO of Twitter Inc (NYSE:TWTR) was trying to take over by replacing Dick Costolo. Rowghani was trying to escalate an internal coup and had wishes to become the CEO of Twitter. Rowghani’s plans were immediately exposed by Costolo and as a result, Rowghani had to go from Twitter Inc (NYSE:TWTR). Bilton said that the departure of Rowghani, he thought that the company will come to a serene pace and the rifts will end but that is not the case and Twitter is still subject to a chaos.
Bilton also mentioned Peter Thiel’s outrageous comments about Twitter Inc (NYSE:TWTR) and said that Theil is trying to sell his books and that is the reason why he keeps on giving harsh comments about the company. He said that Twitter Inc (NYSE:TWTR)’s leadership was close to each other at the start but as the time passed, they tore each other apart.
Bilton said that he collected evidences of stories of Twitter Inc (NYSE:TWTR)’s internal rifts from the sources placed inside the company. He said that the leadership of Twitter Inc (NYSE:TWTR) itself provided so much public evidences of the problems that they are now an open secret.
John Thaler’s Jat Capital Management owns about 7.33 million shares of Twitter Inc (NYSE:TWTR).