Despite Twitter’s weak first-quarter results in April and the recent resignation of its COO Ali Rowghani over a “fundamental disagreement” with CEO Dick Costolo, Biz Stone told CNBC that he had faith in the company and its current executive board (Rowghani’s resignation resulted in a 4% rise in Twitter stock).
Stone said there is nothing wrong with Twitter’s model and that users don’t have to register to be happy. “You can see tweets everywhere – you see hashtags on TV, you see tweets on TV, you see tweets everywhere you look,” said Stone, adding, “Maybe we should be measuring Twitter more as a broadcast mechanism.”
Stone left Twitter several years ago and launched search app Jelly in 2012. Jelly finds information based on crowd-sourced queries. Stone says the company is using the same success strategy as Twitter, looking for “where people are finding value” and doubling down on that in order to “strip away the rest.”
He also appeared on Good Morning Britain last week to talk about Twitter, the creative mind and his new book “Things A Little Bird Told Me: Confessions of the Creative Mind.” In reference to Twitter Stone said, “This is the only technology in the world that allows people to behave as one in the world.”