Twitter continues to have a rather brutal week, with the disappointing financial results leading to a 20 percent drop in its market value on Tuesday evening. Twitter CEO Dick Costolo previously succeeded in dealing with user growth problems, but now must find ways to boost revenue.
"I don't think we lost credibility," Costolo said while speaking to Bloomberg Businessweek. "I think we have been very forthright on all our calls and our time with investors about what is happening, what we are doing and how we think about things over the long-term."
Costolo also noted that he feels the pressure of leading Twitter: "Of course. I mean, look, anyone who tells you as like a CEO of - of a company with any number of investors, whether it's private or public that says they don't feel any investor - or pressure is lying to you. Of course you do."
However, he pointed out that he doesn't have worries about job security, since he and the board are "totally aligned."
Last updated: Apr 6, 2020 at 08:43 pm CDT
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