As Twitter’s stock tanked after sales fell brief of projections and disappointing steering for the second onearea, CEO Jack Dorsey sat down for an interview to speakabout what Wall avenue has incorrectabout theenterprise, and his vision for the future.
no matter the stock sinking by means ofmore than 13percentage in after-hours trading Tuesday, Dorsey insisted that his turnaround plan is operating, and that he is the properman or woman to run theorganization.
(Twitter stockbecome down 15 percent Wednesday.)
“we’vein no way had greaterattention as a agency, as a developmentcrew,” said Dorsey. “I want toensure that Twitter is the areathat youcheck first aspectto begin your day. it willtell youexactlywhat’staking placein theworld. what’smostimportant. What matters. And that is whatwe aredrivingtoward, what we’retargeted.”
Dorsey stated he has a system and crew in region to permit him to juggle runningtwo publicly tradedorganizationsright away — mornings at Twitter, afternoons acrossthe street at square. And while he says the board has a fiduciary obligationto evaluate any acquisition offers, he’sthat specialize inexecuting the plan he laid out to turnaround Twitter.
while pressed about the adweaknessthis is weighing on Twitter’s revenue and outlook, he pivoted to thefact that advertisers are moving from Twitter’s conventionaladformats to video ads, laying thegroundwork for increasein advance. He wouldn’tcomment onwhether Twitter is tormented byacceleratedcompetition from advertisers together withfacebook and Snapchat, simplypronouncingthat there may be “a variety ofopportunity” beforehand in video advertisements.