Why Is Twitter CEO Costolo Suddenly So Confident?
4:13 pm, June 1st | by Hillary Reinsberg
Twitter CEO Dick Costolo seems a little over-the-top chipper about the social network’s future. Perhaps it’s the photo sharing service the company’s launching. Perhaps it’s the fact that President Obama just appointed him to a presidential committee. But it might just be that Twitter’s finally making some wise business decisions, and starting to reap the benefits.
Costolo talked about Twitter today at the D9 conference in California, most notably announcing Twitter’s foray into photo sharing, according to CNET. Twitter will now offer its own way to share photos through tweets, without having to go through third-party services. It’s a big and important move, especially given the news last week that the popular third-party photo service TwitPic was taking the rights to all your photos and might even be selling them. This had users uneasy, so Twitter’s action should be a popular step. “We need to remove the friction from adding photos to Twitter,” Costolo told the audience. No kidding.
In addition to adding photos, Twitter has begun buying up third-party applications that allow users to run Twitter on their phones, iPads, Desktops and so on – in other words, applications that aren’t just the web page www.twitter.com. This too, is helping Twitter grow. Or so they say.
Costolo was peachy when probed about the viability of Twitter’s financials by a reporter who asked, “Are you a business?”
“We are a remarkably successful business,” he said.
If you say it, does that automatically make it true?