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Tech

Twitter CEO Pushing Back At Predictions Of Doom As Stock Price Slides

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Twitter CEO Dick Costolo. (Justin Sullivan/Getty Images)

Twitter CEO Dick Costolo. (Justin Sullivan/Getty Images)

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SAN FRANCISCO (CBS SF) – Last week, San Francisco-based Twitter announced first quarter revenue of $250 million, but saw slowed growth in active users. Since that report, stock price has been hit hard. For the year it’s now down 42 percent.

CEO Dick Costolo stopped by the CBS Early Show Monday to discuss the predictions of doom facing the company. Here’s the video:

He also explained the compnay’s newly announced partnership that makes ordering on Amazon easy thorugh Twitter, and looked at the efforts to block service in some foreign countries:

 

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