Home / TECH / Twitter’s Dorsey downplays merger possibilities, sees ‘strength to the independence’

Twitter’s Dorsey downplays merger possibilities, sees ‘strength to the independence’

If you’re a Twitter shareholder wondering if the company is about to get acquired, co-founder and CEO Jack Dorsey doesn’t wish you to get that impression.

“There’s a lot of strength to the independence,” he said, at the Goldman Sachs Technology and Internet Conference in San Francisco on Tuesday. Dorsey believes that it’s critical for Twitter’s business that they’re “not constrained.”

He also uttered joining to building a “sustainable” business and providing “return to the shareholders.” He combined that Twitter has “a lot left to infer but we’re proof it little by little every day.”

Twitter’s batch is down from its high of $69 in early 2014, but the company has had an considerable run in the past year, with shares going from $16.52 to $33.44 in the past 12 months.

During its many uneasy times, the company weighed selling to intensity buyers like Salesforce, Microsoft or Disney. Since then, investors have continued to consternation if an merger is still in the cards.

The company was recently dealt a blow when Twitter COO Anthony Noto left to join SoFi as CEO. Some have wondered how Dorsey can continue to run both Twitter and Square, but Square’s batch has also finished well, tripling in the past year. 

At the conference, Dorsey spoke of his long-term prophesy for Twitter, and even downplayed the tag “social network.” He views the height as the “zeitgeist of what the universe is thinking.”

He believes that video will continue to be a big income driver. “Video is the fastest flourishing in terms of monetization,” pronounced Dorsey. He pronounced that Twitter will be investing in “self-serve technologies” to make it easier for producers to use the service.

Dorsey also hopes to enhance on the “moments” section, which allows users to see a collection of tweets around a sold topic. “There’s a lot of value in the what happened in the summation inlet of the service,” he said, adding that “we’ve hardly scratched the surface of it with a product like ‘moments.’ ”

He also spoke of using appurtenance training and low training to tailor the service to individual’s preferences. “We are unwell currently since we don’t have a lot of the personalizations we need,” he said. “If they have to hunt navigation to find it, we have failed.”

Featured Image: Bill Pugliano/Getty Images

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