Shortly after a disappointing earnings report which resulted in Twitter’s stock plummeting by 15%, the social media company’s CEO, Jack Dorsey, has publicly defended both the site and his leadership.
In an interview with CNBC, Dorsey insisted that he remains the right choice to run Twitter and that the long-beleaguered site has turned a corner during his tenure at the helm. He declared that Twitter has “never had more focus as a company, as a development team”.
In light of Twitter’s recent struggle in amassing revenue through ads, Dorsey singled out video ads as a promising source of growth for the future. He also drew attention to Twitter’s surprise gaining of 5 million users in the last quarter, attributing this reversal to such “refinements” as the introduction of the Moments feature and further integration of the live streaming video service Periscope.
In a hit at Wall Street, Dorsey also insisted that the investment community fails to understand Twitter’s huge role in “influencing culture and influencing the world”, summing up with: “I don’t think there’s any other place in the world where you can see what’s happening in the world faster than Twitter.”
