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SAUSALITO, Calif. — During a chat today at VentureBeat’s Mobile Summit, Twitter and Jelly cofounder Christopher Isaac “Biz” Stone said Twitter is “going to have to make bold choices to survive with the times.”
In response to Twitter’s stock price being down in 2014 since reaching all-time highs in December after its November IPO, Stone shared that he doesn’t want Twitter “to play it safe and cater to Wall Street’s whims.” Speaking casually, Stone said stocks “will go up and down,” but he believes “Twitter is a timeless company.”
To his point, Twitter shares saw a nice bump today, likely in response to today’s acquisition news. Still, Twitter’s business model remains a tough nut to crack.
Stone’s comments during the talk were similar to Apple chief Tim Cook’s on his company’s low stock price. Back in September, Cook said, “I don’t feel euphoric on the up, and I don’t slit my wrists when it goes down. I have ridden the roller coaster too many times for that.”
As for Stone’s Jelly, the entrepreneur didn’t share even an ounce of detail regarding the young app’s usage statistics. According to App Annie, Jelly has not seen strong results among top apps in the U.S. since its launch day highs.
Regarding Jelly’s future business model, Stone made clear that this problem isn’t top of mind, yet.
“We have all kinds of ideas for a business model whenever there’s expressed intent. But we have to prove that this is a service that can be valuable to a whole bunch of people.”
Twitter is a real-time information network that connects you to the latest information about what you find interesting. Simply find the public streams you find most compelling and follow the conversations. At the heart of Twitter are s... read more »
Jelly was founded in April 2013 by Biz Stone and Ben Finkel. We chose the jellyfish to represent our product because it has a loose network of nerves that act as a "brain" similar to the way we envision loosely distributed networks of ... read more »
Biz Stone is co-founder of Twitter, a real-time, one-to-many network that is changing the way people communicate around the world. Previously, Biz helped build other popular social media services Xanga, Blogger, and Odeo. After launchi... read more »
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