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Twitter CEO's candour stops share price rise but wins plaudits

Jack Dorsey redeems himself in his first earnings call, following an unenthusiastic CNBC appearance in June

San Francisco

IN his first earnings call with investors as head of a public company, Jack Dorsey decided to go for candid.

With the stock up on Twitter Inc's second-quarter revenue exceeding expectations, the interim chief executive officer didn't self-congratulate or dwell on past successes but talked bluntly about Twitter's shortcomings. That killed the stock gain - but may have helped build much-needed trust with investors.

"I like that he speaks directly," said Rob Sanderson, an analyst at MKM Partners. "I think he's doing very well."

Twitter traded at the equivalent of US$32.70 as at 8:42 am in Frankfurt, a decline of 11 per cent from the New York close. The stock is up 1.9 per cent this year...

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